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The U.K.-based AGA Foodservice Group Plc, a maker home appliances, has dropped its bid for Enodis Plc. after failing to agree to terms with shareholders of the food and beverage equipment manufacturer, which is also based in the U.K.
The U.K.-based AGA Foodservice Group Plc, a maker home appliances, has dropped its bid for Enodis Plc. after failing to agree to terms with shareholders of the food and beverage equipment manufacturer, which is also based in the U.K. Aga had made a $1.57 billion offer for Enodis but couldn’t come to an agreement on price. It was the third company in five months to approach Enodis, according to Bloomberg news service, following Wisconsin-based Manitowoc Co.’s $891 million bid and a lower-bid from Illinois-based Middleby Corp.
The U.K.-based AGA Foodservice Group Plc, a maker home appliances, has dropped its bid for Enodis Plc. after failing to agree to terms with shareholders of the food and beverage equipment manufacturer, which is also based in the U.K. Aga had made a $1.57 billion offer for Enodis but couldn’t come to an agreement on price. It was the third company in five months to approach Enodis, according to Bloomberg news service, following Wisconsin-based Manitowoc Co.’s $891 million bid and a lower-bid from Illinois-based Middleby Corp.
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