Hints and tips:
...The notion that “the Americans are coming”, with the prospect of high-premium contested takeovers reviving a trend that saw UK companies such as Enodis, the industrial catering equipment maker, and Expro...
...A defensive merger between Enodis and Middleby Corporation of the US, perhaps? Related links: Manitowoc raises offer for Enodis – FT.com Lombard on UK engineering...
...Enodis, the catering equipment company, added 0.3 per cent to 306p on talk that Illinois Tool Works was poised to return with an increased offer of 310p a share....
...A year later, filtration specialist Domnick Hunter was bought by Parker Hannifin for £250m after US rival Eaton Corporation withdrew from the ring....
...Eurasian Natural Resources Corporation was the best performer in the FTSE 100. It gained 6.7 per cent to £11.80 as the Kazakh mining company presented to Scottish institutions....
...Enodis , the catering equipment company, was the top performer in the FTSE 250, rising 18.4 per cent to 288¼p after recommending a 280p cash offer from Illinois Tool Works....
...There are expected to be replaced by Eurasian National Resources Corporation, 2.7 per cent lower at 980p, Tate & Lyle, 0.7 per cent better at 509p and Cobham, up 4.3 per cent to 207¾p....
...Catering equipment group Enodis rose 2.8 per cent to 215p on bid speculation....
...Mr Truell, the founder of Duke Street Capital and Pension Corporation Investments, has built a 17.1 per cent stake in Aga. The shares fell 2¾p to 426¾p....
...In November last year Aga failed in a bid to buy rival Enodis for £700m....
...However, traders reckon the stock could rally today as investors realise that the Government of Singapore Investment Corporation has built a 3.4 per cent stake, possibly as the prelude to a bid....
...Enodis shares jumped 8.5 per cent to 197½p on talk that Middleby Corporation of the US would next week raise its offer for the food equipment manufacturer to 205p a share....
...The latest in their sights is Enodis, which makes kitchen equipment and is currently being wooed by American rival Middleby....
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