Shares of OMI(OMM Quote) were among the NYSE's winners Friday, jumping 14% after the operator of oil tankers said it is evaluating strategic alternatives.
The company said that its strategic alternatives include a sale, merger, or the continued execution of its operating plan. OMI has hired financial adviser Perella Weinberg Partners to help it with the process. Shares were trading up $3.17 to $26.10.
Manitowoc(MTW Quote) rose 8% after the maker of heavy-lifting equipment boosted its 2007 profit forecast. The company now sees earnings of $4.20 to $4.30 a share, up from an earlier projection of $3.85 to $4 a share. Analysts polled by Thomson First Call project earnings of $4.02 a share. For the first quarter, Manitowoc expects earnings to exceed Wall Street's forecast by about 10%. Analysts currently project earnings of 79 cents a share. ...
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