Carl Icahn reported a 7.7 percent stake in Manitowoc Co Inc (MTW.N), and became the second activist investor this year to push for a splitup of the company's crane and foodservice equipment businesses.
Manitowoc's shares rose 11 percent to $23.25 before the bell on Monday.
Ralph Whitworth's Relational Investors urged the company to spin off the foodservice equipment business in June, when it reported an 8.5 percent stake in the Wisconsin-based company.
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