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Ali Group Submits Binding All-Cash Proposal to Acquire Welbilt (WBT)

  • July 6, 2021


StockWelbilt, Inc.SymbolWBT
Date Announced07/05/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Ali Holding S.r.l.
Date of Confirmation: 07/14/2021Price 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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