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Stock impact report

Middleby Comments on Ali Group’s Unsolicited and Non-Binding Indication of Interest to Acquire Welbilt

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Business Wire
Middleby believes its proposal to merge with Welbilt provides a superior offer compared to Ali Group’s unsolicited non-binding indication of interestThe unsolicited indication from Ali Group is both opportunistic and highly conditional with significant uncertainty Middleby’s all-stock consideration allows Welbilt shareholders to participate in future upside opportunity, allowing for significantly greater long-term value creationMiddleby and Welbilt today filed a preliminary joint proxy statement/prospectus and are already in the process of attaining necessary regulatory and shareholder approvals and on-track to complete the transaction by the end of the year ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. (NYSE: WBT), in face of the unsolicited and non-binding indication of interest from Ali Holding SRL (“Ali Group”). The proposed merger between Middleby and Welbilt, announced Show less Read more
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