MTW -- The Manitowoc Company Message Board

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Technology Stocks : MTW -- The Manitowoc Company

MTW 10.34

-7.5%

3:37 PM EDT

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To: tonto who wrote (31)	5/5/1998 4:19:00 PM
From: tonto	Read Replies (1) of 62

Tuesday May 5, 2:19 pm Eastern Time Manitowoc ups authorized shares to 75 mln MANITOWOC, Wis., May 5 (Reuters) - Manitowoc Co. Inc. said Tuesday its shareholders approved an increase in the number of authorized shares to 75 million from 35 million. ''The increased shares will expand the company's ability to raise equity capital, make acquisitions, effect stock splits or engage in other activities involving equity funding,'' the company said in a statement. "At this time, no such actions are contemplated." As of March 31, 1998, Manitowoc had 17.3 million shares outstanding. Manitowoc makes ice cube machines, ice/beverage dispensers and commercial refrigeration equipment for the food service industry. It also makes products for the construction industry. Its shares were unchanged at 45-13/16.

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