Deals and M&A E&S Companies Manufacturers & Reps The Ashton Report Whats Important Now: Report

Ali Group Bids Cash For Welbilt; Middleby Says All-Stock Deal Has More Upside

Written by The Ashton Report

Ali Group, the multi-brand global foodservice equipment conglomerate based in Milan, Italy, and Vernon Hills, Ill., in the US, confirmed Friday, May 28 it has bid $23-a-share in cash for all Welbilt Corp. outstanding stock. The company said the offer represents a 47.2% premium to the Welbilt share price as of April 20, the last…

This content is for registered members of The Ashton Report or paid subscribers to The Ashton Report Insider only. Please register by clicking the button below to get full access.

Log In Register

About the author

The Ashton Report