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Icahn acquires stake in Manitowoc, seeks splitup

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

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.

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