Middleby to Acquire Welbilt in Tax-Free Merger
July 6, 2021
The Middleby Corporation (Middleby) reiterated its conviction behind its signed, definitive transaction to acquire Welbilt via a tax-free merger for Welbilt shareholders. Middleby highlighted expected run-rate cost synergies and said the definitive proxy statement was declared effective June 11, 2021, with shareholder votes scheduled for July 21, 2021.
- Buyers
- Middleby Corporation
- Targets
- Welbilt
- Industry
- Industrial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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