Skip to main content

Icahn sold one-third of his stake in crane maker Manitowoc last month

By
Investment entities controlled by billionaire Carl Icahn shed one-third of their stakes in crane maker Manitowoc from Feb. 12 through Feb. 22, according to an SEC filing last week.

The entities sold nearly 940,000 Manitowoc shares at prices ranging from roughly $32 per share to $34 per share, the SEC filing said. The sales totaled about $31 million.

After the trades, Icahn owned 4.85 percent of the company, down from his previous stake of 7.5 percent.

Manitowoc shares dropped 4.8 percent on Feb. 16 after Commerce Sec. Wilbur Ross released "Steel and Aluminum 232" reports at noon that day, which recommended a global tariff of at least 24 percent on all steel imports.

The company's stock dropped another 6 percent on Thursday after President Donald Trump announced his plan to impose tariffs of 25 percent for steel and 10 percent for aluminum as early as next week.

Construction equipment makers like Manitowoc use steel in their manufacturing.


Source :- cnbc
Labels:

Comments

Post a Comment

Popular posts from this blog

We're open to work with Britain over incident involving ex-agent

By
The Kremlin said on Tuesday it was ready to cooperate if Britain asks it for help investigating an incident involving a former Russian double agent who fell ill after exposure to an unknown substance. Sergei Skripal, once a colonel in Russia's GRU military intelligence service, was critically ill in hospital on Tuesday after he was exposed to an unidentified substance in southern England. "Nobody has approached us with such a request," Kremlin spokesman Dmitry Peskov told a conference call with reporters, when asked if the British authorities had been in touch seeking help. "Moscow is always open for cooperation." When asked to respond to British media speculation that Russia had poisoned Skripal, Peskov said: "It didn't take them long." Calling the incident "a tragic situation," he said the Kremlin did not have information about what had happened. Source :- yahoonews
Post a Comment
Read more

Key players recall 1968 Polish student revolt, ensuing anti-Semitism

By
In March 1968, a student revolt crushed by Poland's baton-wielding police was used as a pretext for an anti-Semitic purge by the communist regime. It began when the communists banned the 19th-century play "Forefathers' Eve" by poet Adam Mickiewicz claiming it had anti-Russian elements. Two students who contested the ban were expelled from the University of Warsaw, prompting their peers to stage a demonstration on March 8. Backed by other civil groups, particularly workers unhappy with daily life under communism, the pro-democracy protests spread to other cities. The regime used the student revolt as an excuse to unleash an anti-Semitic campaign that was rooted in a settling of scores inside the Communist Party, which was split into two camps. Source :- yahoonews
Post a Comment
Read more

What Is an Investment?

By
 One reason numerous individuals come up short, even woefully, in the round of contributing is that they play it without understanding the principles that direct it.   homepage    It is an undeniable truth that you can't dominate a match in the event that you abuse its guidelines. Notwithstanding, you should know the guidelines before you will actually want to try not to abuse them. Another explanation individuals fall flat in contributing is that they play the game without understanding what is the issue here. This is the reason it is imperative to expose the significance of the term, 'venture'. What is a speculation? A venture is a pay creating significant. It is vital that you observe each word in the definition since they are significant in understanding the genuine importance of speculation.  From the definition above, there are two key highlights of a venture.  here Each belonging, having a place or property (of yours) should fulfill the two condition...
Post a Comment
Read more