Executives and advisers of the two rival bidders for Enodis, the industrial catering equipment maker, will have their work cut out this weekend in preparation for Monday’s “one shot, sudden death shoot-out” auction.

The single-bid procedure between Manitowoc and Illinois Tool Works – agreed with the Takeover Panel – is designed to bring to a conclusion a bidding war that began in April and has taken the value of Enodis to £1.02bn ($2.03bn) following the recommendation of Manitowoc’s 294p-a-share offer.