Italy's Ali Group makes US$3.3 bil cash bid for US rival Welbilt
The Edge Markets - Technology·2021-05-29 05:10
(May 28): Italian foodservice equipment maker Ali Group said on Friday that it had offered to buy US rival Welbilt Inc in an all-cash US$3.3 billion deal, topping a buyout bid made by rival Middleby Corp last month.
The company said it was offering US$23 for each Welbilt share, representing a premium of 15.5% to the Welbilt closing price on Thursday.
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