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Ali Group and Welbilt Announce Definitive Merger Agreement
Welbilt Shareholders to Receive $24.00 per Share in Cash July 14,2021 11:00 AM Eastern Daylight Time 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 p…
Ali Group Submits Binding All-Cash Proposal to Acquire Welbilt for $24.00 Per Share
Represents 53.6% Premium to Welbilt’s Unaffected Share Price and 11.4% Premium to the Implied Value of the Middleby Transaction as of July 2, 2021 Fully Financed Transaction with Clear Path to Completion Ali Group Looks Forward to Promptly Entering into Merger Agreement with Welbilt July 05, 2021 05:00 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice…
Ali Group Confirms Proposal to Acquire Welbilt
01:30 PM Eastern Daylight Time 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…
Ali Group Announces the Acquisition of KOLD-DRAFT International
Ali Group acquires Kold-Draft International from The Legacy Companies
Lawrence Parks Joins ACP, Inc. as Director-Sales, Eastern Region
CEDAR RAPIDS, IOWA (December 22, 2020) – ACP, Inc., is pleased to announce that Lawrence Parks has joined the sales team as Director-Sales, Eastern Region. He will be responsible for commercial microwave and high-speed oven sales activity in designated eastern region domestic markets. Lawrence will report to Greg Stak, VP Sales. Lawrence is an accomplished business development professional and 30-year culinarian with a wealth of industry sales experience. For the previous 9 years, he serv…