Financial Times FT.com

Enodis rises on bid rumours

By Neil Hume and Michael Hunter

Published: May 16 2008 08:30 | Last updated: May 17 2008 00:29

There was heavy trading in Enodis amid rumours of another bid for the catering equipment company.

The market was caught on the hop this month when Enodis recommended a 282p-a-share cash offer from Illinois Tool Works. That trumped an earlier bid of 260p from Manitowoc, another US group.

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