POTENTIAL DEAL DETAILS
|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.
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.
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