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POTENTIAL DEAL DETAILS
| Stock | Welbilt, Inc. | Symbol | WBT |
| Date Announced | 07/05/2021 | Source | Press Release |
| Type | Unsolicited Bid | Acquiring Company/Person | Ali Holding S.r.l. |
| Date of Confirmation: | 07/14/2021 | Price at Confirmation: | $23.38 |
| Potential Profit: | -6.55% | Annualized Profit: | -265.83% |
Ali Holding S.r.l., one of the largest and most diversified global leaders in the foodservice equipment industry, confirmed that it has submitted a definitive proposal and merger agreement to the Board of Directors of Welbilt, Inc. (WBT) to acquire all outstanding shares of Welbilt common stock for $24.00 per share in cash.
Update(s):
July 14, 2021: Ali Holding S.r.l., and Welbilt, Inc. (WBT) announced that they have entered into a definitive merger agreement under which Ali Group (BABA) 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.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.