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The Manitowoc Company Announces Settlement Agreement with Carl Icahn

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MANITOWOC, Wis.--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc” or the “Company”) today announced that it has reached an agreement with Carl C. Icahn pursuant to which the Manitowoc Board of Directors has committed to certain corporate governance provisions for Manitowoc and for the Foodservice entity. As previously announced, Manitowoc plans to separate the Company's Cranes and Foodservice businesses into two independent, publicly traded companies and anticipates effecti

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