Hedge Funds

Icahn acquires stake in Manitowoc, seeks splitup

A Manitowoc crane on a tug and barge near Milwaukee, WI.
CJ Schmit

Activist investor Carl Icahn reported a 7.77 percent stake in Manitowoc, and said he intended to seek a split of the company's cranes and food-service equipment businesses.

Icahn said he would seek board representation, if appropriate.

Read MoreMarc Andreessen:Carl Icahn's like 'evil Captain Kirk'

Icahn said he had not yet had any discussions with the company.