Welbilt

Welbilt provides chefs and chain operators or growing independents with industry equipment and solutions. The companies designs and lean manufacturing tactics are powered by deep knowledge, operator insights, and culinary expertise. Welbilt was founded in 1929 and is based in New Port Richey, Florida, United States.

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NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), announced today that it will host a live conference call to share prepared comments related to its 2021 second quarter earnings on Tuesday, August 3 at 10:00 am ET. The company will issue a pre-market earnings announcement the same day. Please note that the company will not host a live Q&A session on the call. Investors are invited to listen to the call using the following details: Participant Toll Free Dial-in Number: +1 (83

Welbilt Announces Details for 2021 Second Quarter Earnings Call and Webcast

Middleby

Middleby (MIDD) receives a termination fee of $110 million in cash from Welbilt as their merger agreement gets terminated.

Middleby (MIDD) and Welbilt Terminate Merger Agreement

Welbilt Inc. announced Wednesday an agreement to be acquired by Ali Group S.r.l. in a cash deal that values the foodservice equipment company at about $3.40 billion.

Welbilt agrees to be acquired by Ali Group, after cash bid was deemed 'superior' to Middleby's all-stock bid

CHICAGO & NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. (NYSE:WBT) today announced that they have entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24.00 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value. The merger agreement has been un

Ali Group and Welbilt Announce Definitive Merger Agreement

Shares of Welbilt Inc (NYSE: WBT) are trading lower after Middleby (NASDAQ: MIDD) announced it will not increase its offer for a potential acquisition of the company. In accordance with the terms of the merger agreement, Welbilt will be required to pay a termination fee of $110 million to Middleby following the expiration of the five-day match period.

Why Welbilt Shares Fell Today

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today announced that, under the terms of its previously announced Merger Agreement with Welbilt, Inc. (NYSE: WBT), it will not exercise its right to propose any modifications to the terms of the Merger Agreement and will allow the five-day match period to expire. Middleby expects that the Merger Agreement will terminate at the end of the match period today. “We believe that the previously agreed terms of the Merg

Middleby Will Not Increase Offer to Acquire Welbilt

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt (NYSE:WBT) today announced that the Welbilt Board of Directors, in consultation with its legal and financial advisors, has determined that the revised unsolicited proposal (the “Revised Unsolicited Proposal”) from Ali Holding S.r.l. constitutes a “Company Superior Proposal”, as defined in Welbilt's previously announced merger agreement with The Middleby Corporation (NASDAQ:MIDD). Under the terms of the Revised Unsolicited Proposal, Ali Group would

Welbilt Board Determines That Revised Proposal From Ali Group Is a “Company Superior Proposal”

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE: WBT) today confirmed that it has received a revised unsolicited proposal (the “Revised Unsolicited Proposal”) from Ali Holding S.r.l. to acquire all of the outstanding shares of Welbilt common stock for $24 per share in cash, an increase from the previously disclosed $23 per share cash proposal made by Ali Group on May 25, 2021. Welbilt previously announced on April 21, 2021, that it had entered into a definitive merger agreement (the

Welbilt Confirms Receipt of Revised Proposal From Ali Group

CHICAGO--(BUSINESS WIRE)--Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, today confirmed that it has submitted a definitive proposal and merger agreement to the Board of Directors of Welbilt, Inc. (NYSE: WBT) to acquire all outstanding shares of Welbilt common stock for $24.00 per share in cash. The proposal represents a premium of 3.5% to the Welbilt closing share price on July 2, 2021, the last trading day prior

Ali Group Submits Binding All-Cash Proposal to Acquire Welbilt for $24.00 Per Share

As of late, it has definitely been a great time to be an investor in Welbilt, Inc. (WBT).

Welbilt's (WBT) Shares March Higher, Can It Continue?

Welbilt (WBT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Welbilt (WBT) Moves 24.1% Higher: Will This Strength Last?

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 on April 21, 2021, will create a strong Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. Middleby highlights that it ha

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

The company may soon be the subject of a bidding war.

Why Welbilt Stock Popped 24% Friday

CHICAGO--(BUSINESS WIRE)--In response to media reports, Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, today confirmed that on May 25, 2021, it submitted to the Board of Directors of Welbilt, Inc. (NYSE: WBT) a proposal under which Ali Group would acquire all of the outstanding shares of Welbilt common stock for $23.00 per share in cash. This proposal represents a premium of 47.2% to the Welbilt share price as of A

Ali Group Confirms Proposal to Acquire Welbilt

Welbilt (NYSE: WBT) shares are trading higher following a report competitor Ali Group has made a $23/share cash bid for the company. The WSJ reported Welbilt, which previously agreed to be acquired by Middleby (NASDAQ: MIDD) for $2.9 billion, has received a higher $3.3 billion offer from competitor Ali Group.

Why Welbilt Shares Are Trading Higher Today

Meredith

Peoples Bancorp

Premier Financial Bancorp

NEW YORK, May 13, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Welbilt, Inc. (NYSE: WBT) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to The Middleby Corporation. Under the terms of the agreement, Welbilt shareholders will receive a fixed exchange ratio of 0.1240x shares of Middleby common stock for each share of Welbilt common stock.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates WBT, PFBI, MDP, PEBO; Shareholders are Encouraged to Contact the Firm

Welbilt, Inc. (WBT) CEO Bill Johnson on Q1 2021 Results - Earnings Call Transcript

Welbilt (WBT) delivered earnings and revenue surprises of 166.67% and 9.57%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Welbilt (WBT) Tops Q1 Earnings and Revenue Estimates

Shares of Welbilt (NYSE:WBT) rose 0.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 700.00% year over year to $0.08, which beat the estimate of $0.03.

Recap: Welbilt Q1 Earnings

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2021 first quarter. 2021 First Quarter Highlights (1) Net sales were $316.8 million, a decrease of 3.7 percent from the prior year; Organic Net Sales (a non-GAAP measure) decreased 6.0 percent from the prior year Earnings from operations were $31.5 million compared to $0.6 million in the prior year; as a percentage of net sales, earnings from operations were 9.9 percent compared to 0.2 pe

Welbilt Reports 2021 First Quarter Operating Results

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt offers another new enhanced sanitation solution for professional kitchen operators with Nuovair roll-in blast chillers.

Welbilt Partners With Nuovair to Supply the Most Powerful Blast Chiller in North America

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt is exclusive U.S. distributor of AeroTherm™, a new portable air purifier Powered by Trotec.

Welbilt Unveils High-Performance Portable Air Purifier

NEW YORK, April 27, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Welbilt, Inc. ("WBT" or the "Company") (WBT) relating to its proposed acquisition by The Middleby Corp. Under the terms of the agreement, WBT shareholders will receive 0.1240 shares of Middleby per share they own. The investigation focuses on whether Welbilt, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Welbilt, Inc. - WBT

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt's 2021 first quarter earnings call will be held on May 6 at 10:00 am ET.

Welbilt Announces Details for 2021 First Quarter Earnings Call and Webcast

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Welbilt, Inc. (NYSE: WBT) to The Middleby Corporation (NASDAQ: MIDD). Under the terms of the proposed transaction, shareholders of Welbilt will receive only 0.1240 shares of Middleby for each share of Welbilt that they own. KSF is seeking to determine whether this consideration and the process that led to it a

WELBILT INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Welbilt, Inc. - WBT

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