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ILLINOIS-TOOL-WORKS

The Wire

Illinois Tool Works cuts 4Q, year profit guidance

Illinois Tool Works Inc. cut its fourth-quarter and fiscal 2008 earnings per share forecast on Monday, citing the weak economy, the rising dollar and higher-than-expected restructuring costs.

British cooking equipment maker backs $2.1B bid

A $2.1 billion bid by Manitowoc Company Inc. for Enodis PLC was endorsed by the British cooking equipment supplier Tuesday, ending a takeover fight with Illinois Tool Works.

Manitowoc bids up food equipment maker Enodis

The bidding war for British cooking equipment supplier Enodis PLC heated up on Monday, as Manitowoc Co. Inc. came back with a second offer to trump an approach by another U.S. company, Illinois Tool Works Inc.

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