News Topic - Illinois Tool Works
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Illinois Tool Works sees Q2 continuing ops EPS at 94c-$1.00
NEW YORK (MarketWatch) -- Illinois Tool Works Inc. has forecast second-quarter earnings from continuing operations in the range of 94 cents to $1 a share, the engineering-products manufacturer said Thursday. Revenue for the period is expected to rise 9% to 12%. For 2008, the Glenview Ill.-based company predicted earnings from continuing operations to come in the range of $3.35 to $3.49 a share with revenue growth of 8% to 12%. Analysts polled by FactSet Research are looking for, on average, second-quarter earnings of 97 cents a share and full-year earnings of $3.58 a share. For the three months ended April 30, the company said operating revenue increased 11.5%. Shares of Illinois Tool Works slipped 1.9% in premarket trading to $54.19.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – May 15, 2008 12:23 PM [GMT] ¦ comment?
found in Business: Markets
NEW YORK (MarketWatch) -- Illinois Tool Works Inc. has forecast second-quarter earnings from continuing operations in the range of 94 cents to $1 a share, the engineering-products manufacturer said Thursday. Revenue for the period is expected to rise 9% to 12%. For 2008, the Glenview Ill.-based company predicted earnings from continuing operations to come in the range of $3.35 to $3.49 a share with revenue growth of 8% to 12%. Analysts polled by FactSet Research are looking for, on average, second-quarter earnings of 97 cents a share and full-year earnings of $3.58 a share. For the three months ended April 30, the company said operating revenue increased 11.5%. Shares of Illinois Tool Works slipped 1.9% in premarket trading to $54.19.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – May 15, 2008 12:23 PM [GMT] ¦ comment?
found in Business: Markets
Hammonds tools up for £1bn Enodis bid
Hammonds has scored a starring role on a £1bn deal — advising Illinois Tool Works' (ITW) on its takeover bid for kitchen equipment manufacturer Enodis. The firm is fielding a team led by corporate partners Giles Distin and Jane Haxby on the £1.03bn acquisition, acting alongside Kirkland & Ellis and Ropes & Gray, which are providing US advice on the deal.
Legal Week – May 14, 2008 5:20 PM [GMT] ¦ comment?
found in Business: Law and Taxation
Hammonds has scored a starring role on a £1bn deal — advising Illinois Tool Works' (ITW) on its takeover bid for kitchen equipment manufacturer Enodis. The firm is fielding a team led by corporate partners Giles Distin and Jane Haxby on the £1.03bn acquisition, acting alongside Kirkland & Ellis and Ropes & Gray, which are providing US advice on the deal.
Legal Week – May 14, 2008 5:20 PM [GMT] ¦ comment?
found in Business: Law and Taxation
World Business Briefing | Europe: Britain: Restaurant Supplier Bid
Illinois Tool Works, the conglomerate based in Glenview, Ill., agreed to buy a British restaurant equipment supplier, Enodis, for $2 billion, the companies said. Illinois Tool’s bid was 8.5 percent higher than an offer that Enodis agreed to last month from the Manitowoc Company of Manitowoc, Wis. Manitowoc said it was considering its position and would make an announcement later.
New York Times – May 9, 2008 03:39 AM [GMT] ¦ comment?
found in Business
Illinois Tool Works, the conglomerate based in Glenview, Ill., agreed to buy a British restaurant equipment supplier, Enodis, for $2 billion, the companies said. Illinois Tool’s bid was 8.5 percent higher than an offer that Enodis agreed to last month from the Manitowoc Company of Manitowoc, Wis. Manitowoc said it was considering its position and would make an announcement later.
New York Times – May 9, 2008 03:39 AM [GMT] ¦ comment?
found in Business
Manitowoc left out in the cold as Enodis backs surprise £1bn ITW bid
There has been yet another twist in the long-running takeover saga surrounding Enodis, after the UK food equipment group withdrew its backing for the offer from Manitowoc and threw its weight behind a surprise £1bn bid from its rival Illinois Tool Works (ITW).
The Independent – May 8, 2008 11:00 PM [GMT] ¦ comment?
found in Business
There has been yet another twist in the long-running takeover saga surrounding Enodis, after the UK food equipment group withdrew its backing for the offer from Manitowoc and threw its weight behind a surprise £1bn bid from its rival Illinois Tool Works (ITW).
The Independent – May 8, 2008 11:00 PM [GMT] ¦ comment?
found in Business
ITW in agreed counterbid for Enodis
Illinois Tool Works' counterbid for Enodis, valuing the engineer at about £1bn, disrupted what had appeared to be a done deal with Manitowoc, its US rival
Financial Times – May 8, 2008 9:46 PM [GMT] ¦ comment?
found in Business: Companies
Illinois Tool Works' counterbid for Enodis, valuing the engineer at about £1bn, disrupted what had appeared to be a done deal with Manitowoc, its US rival
Financial Times – May 8, 2008 9:46 PM [GMT] ¦ comment?
found in Business: Companies
ITW outbids Manitowoc for Enodis
Illinois Tool Works Inc. said Thursday that it has reached an agreement to buy food service equipment manufacturer Enodis plc in a deal worth $2.3 billion, outbidding a prior buyout offer for Enodis from Manitowoc Co. Inc. (MTW)
bizjournals.com – May 8, 2008 2:12 PM [GMT] ¦ comment?
found in Business: Manufacturing
Illinois Tool Works Inc. said Thursday that it has reached an agreement to buy food service equipment manufacturer Enodis plc in a deal worth $2.3 billion, outbidding a prior buyout offer for Enodis from Manitowoc Co. Inc. (MTW)
bizjournals.com – May 8, 2008 2:12 PM [GMT] ¦ comment?
found in Business: Manufacturing
Enodis backs $2B buyout offer from Illinois Tool Works
Read full story for latest details.
WANDtv.com – May 8, 2008 2:04 PM [GMT] ¦ comment?
found in Local: Illinois: Champaign-Springfield-Decatur
Read full story for latest details.
WANDtv.com – May 8, 2008 2:04 PM [GMT] ¦ comment?
found in Local: Illinois: Champaign-Springfield-Decatur
New Port Richey's Enodis agrees to deal with Illinois Tool Works
Illinois Tool Works Inc. said it has reached agreement with the board of directors of Enodis plc to buy the New Port Richey company in a deal valued at $2.3 billion. (MTW) (ITW)
bizjournals.com – May 8, 2008 1:53 PM [GMT] ¦ comment?
found in Business: Manufacturing
Illinois Tool Works Inc. said it has reached agreement with the board of directors of Enodis plc to buy the New Port Richey company in a deal valued at $2.3 billion. (MTW) (ITW)
bizjournals.com – May 8, 2008 1:53 PM [GMT] ¦ comment?
found in Business: Manufacturing
Enodis Accepts Higher Offer from ITW
Enodis agreed to be acquired by Illinois Tool Works, weeks after the U.K. food-equipment manufacturer accepted a lower offer from Manitowoc.
Wall Street Journal – May 8, 2008 08:04 AM [GMT] ¦ comment?
found in Business: Markets
Enodis agreed to be acquired by Illinois Tool Works, weeks after the U.K. food-equipment manufacturer accepted a lower offer from Manitowoc.
Wall Street Journal – May 8, 2008 08:04 AM [GMT] ¦ comment?
found in Business: Markets
ITW trumps offer for Enodis
Enodis has favoured a cash offer from Illinois Tool Works over an earlier agreed offer from Manitowoc
Financial Times – May 8, 2008 07:59 AM [GMT] ¦ comment?
found in Business: Companies
Enodis has favoured a cash offer from Illinois Tool Works over an earlier agreed offer from Manitowoc
Financial Times – May 8, 2008 07:59 AM [GMT] ¦ comment?
found in Business: Companies