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Ali Group And Welbilt Agree To Merge After Middleby Steps Out; Deal Still Has Way To Go

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Written by The Ashton Report
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It was another busy week on the “which big company would buy Welbilt” front. Ali Group and Welbilt Inc. announced July 14 that the two companies signed a definite merger agreement under which Ali will acquire Welbilt for $24 a share in an all-cash transaction. The deal is valued at $3.5 billion in “aggregate equity…

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