SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 20, 2000
(Date of earliest event reported)
THE MANITOWOC COMPANY, INC.
(Exact name of registrant as specified in its charter)
Wisconsin 1-11978 39-0448110
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
500 So. 16th Street, Manitowoc, WI 54220
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(920-684-4410)
(Former name or former address, if changed since last report)
Item 5. Other Events
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On November 20, 2000, The Manitowoc Company, Inc. (the "Company")
issued a press release announcing that it has finalized its previously announced
agreement to purchase Marinette Marine Corporation. Marinette was acquired for
approximately $48.0 million in an all-cash transaction financed through the
Company's existing credit facility.
Located in Marinette, Wisconsin, just across Green Bay from Manitowoc's Bay
Shipbuilding facility, Marinette Marine operates one of the largest shipyards on
the U.S. Great Lakes.
The acquisition is expected to add 10 cents to Manitowoc's 2001 earnings.
In addition, the Company announced that Marinette secured a contract worth $84.5
million from the U.S. Coast Guard for the construction of three 225-foot Juniper
Class (WLB) sea-going buoy tenders. These three cutters are part of a $309-
million contract awarded in September 1998, which contains options for an
additional two vessels, yet to be awarded.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
See the Exhibit Index following the Signature page of
this Report, which is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
DATE: November 27, 2000 THE MANITOWOC COMPANY, INC.
(Registrant)
By: /s/ Glen E. Tellock
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Glen E. Tellock
Executive Vice President and
Chief Financial Officer
THE MANITOWOC COMPANY, INC.
EXHIBIT INDEX
TO
FORM 8-K CURRENT REPORT
Dated November 20, 2000
Exhibit Filed
No. Description Herewith
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20 Press Release dated X
November 20, 2000, regarding
the completion of the purchase
of Marinette Marine Corporation