Middleby Corp.

NASDAQ:MIDD   3:59:50 PM EDT
190.06
+1.33 (+0.70%)
Mergers / Acquisitions, Equity Financing / Related

Ali Group Submits Binding All-Cash Proposal To Acquire Welbilt For $24.00 Per Share

Published: 07/05/2021 22:22 GMT
Middleby Corp. (MIDD) - Ali Group Submits Binding All-cash Proposal to Acquire Welbilt for $24.00 per Share.
Ali Group - Confirmed It Has Submitted a Definitive Proposal and Merger Agreement to the Board of Welbilt to Acquire All Outstanding Shares of Welbilt.
Ali Group - Believes Co's Welbilt Proposal "offers Far Greater Certainty of Closing Than the Middleby Transaction".
Ali Group - Has Obtained Fully Underwritten, Binding Commitment Letters for Debt Financing From Goldman Sachs International and Mediobanca.