SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 11, 1995
(Date of earliest event reported)
THE MANITOWOC COMPANY, INC.
(Exact name of registrant as specified in its charter)
Wisconsin 1-11978 39-0448110
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
700 East Magnolia Avenue, Suite B, Manitowoc, WI 54220
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (414-684-4410)
(Former name or former address, if changed since last report)
Item 5. Other Events
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On October 11, 1995, The Manitowoc Company, Inc. (the ``Company'')
issued a press release announcing that as a result of an inability of
the Company and Trivest, Inc. to agree on certain terms of a
definitive purchase agreement, the letter of intent for the purchase
by the Company of The Shannon Group, Inc., a manufacturer of
commercial refrigerators, freezers and related products, terminated by
its terms. Under the letter of intent, the transaction was subject to
several conditions, including the negotiation of a definitive purchase
agreement by October 10, 1995.
The press release is incorporated herein by reference to Exhibit 20 of
this Report, to which the reader is referred for more information.
Item 7. Financial Statements and Exhibits
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(c) Exhibits:
See the Exhibit Index following the Signature page of
this Report, which is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.
DATE: October 11, 1995 THE MANITOWOC COMPANY, INC.
(Registrant)
/s/ Robert R. Friedl
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Robert R. Friedl
Vice President and Chief Financial Officer
THE MANITOWOC COMPANY, INC.
EXHIBIT INDEX
TO
FORM 8-K CURRENT REPORT
Date of Report: October 11, 1995
Exhibit Filed
No. Description Herewith
- ---------- ---------------- -------------
20 Press Release dated October 11, X
1995 regarding termination of
letter of intent to acquire
The Shannon Group, Inc.
THE MANITOWOC COMPANY, INC.
NEWS For Immediate Release
THE MANITOWOC COMPANY'S LETTER OF INTENT
TO PURCHASE SHANNON GROUP TERMINATES
MANITOWOC, Wisconsin, October 11, 1995 --- The Manitowoc Company,
Inc. (MTW) announced today that as a result of an inability of the
parties to agree on certain terms of a definitive purchase agreement,
the letter of intent for the purchase of The Shannon Group, Inc. by
The Manitowoc Company terminated by its terms. Under the letter of
intent, the transaction was subject to several conditions, including
the negotiation of a definitive purchase agreement by October 10,
1995.
On September 1, 1995, The Manitowoc Company announced the
execution of a letter of intent to acquire 100% ownership of The
Shannon Group, Inc., a privately held manufacturer of commercial
refrigerators, freezers and related products. The Shannon Group, Inc.
is majority owned by affiliates of Trivest, Inc., a private investment
firm.
Fred M. Butler, president and chief executive officer of The
Manitowoc Company, said Manitowoc remained committed to seeking a
quality acquisition in the foodservice business.
The Manitowoc Company is a leading producer of cranes and related
products, commercial ice machines, commercial reach-in refrigerators
and freezers, and also specializes in ship repair work on the Great
Lakes.
Company contact:
Robert R. Friedl
Chief Financial Officer
414-683-8136
prshterm
