The Middleby Corporation (MIDD) News
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MIDD News Highlights
- 500 - Internal server error
- Over the past 21 days, the trend for MIDD's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- WBT, HLIO and ROAD are the most mentioned tickers in articles about MIDD.
Latest MIDD News From Around the Web
Below are the latest news stories about Middleby Corp that investors may wish to consider to help them evaluate MIDD as an investment opportunity.
Welbilt (WBT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Middleby Comments on Ali Group’s Unsolicited and Non-Binding Indication of Interest to Acquire Welbilt
The Middleby Corporation (NASDAQ: MIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. (NYSE: WBT), in face of the unsolicited and non-binding indication of interest from Ali Holding SRL ("Ali Group"). The proposed merger between Middleby and Welbilt, announced on April 21, 2021, will create a strong Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. Middleby highlights that it has a definitive agreement to acquire Welbilt, and the regulatory approval process is already underway. Furthermore, Middleby and Welbilt today filed their preliminary joint proxy statement/prospectus on Form S-4 with the SEC in connection with obtaining required shareholder approvals.
Back in April, shares of commercial foodservice company Welbilt (NYSE: WBT) jumped after it announced plans to be acquired by larger competitor Middleby (NASDAQ: MIDD). At the time, investors thought the combination that would create a kitchen equipment supply leader in the commercial foodservice space was a good one for shareholders of both companies, and shares of both companies popped.
Welbilt Inc said late Friday that a $3.3 billion offer from Italian rival Ali Group to acquire the U.S. foodservice equipment maker was likely superior to its existing tie-up agreement with Middleby Corp. The decision would allow Welbilt to negotiate a deal with Ali Group and terminate the Middleby transaction, although Welbilt shares rose past the Ali Group offer price, indicating some shareholders expect Middleby may sweeten its offer.
Balancing your first portfolio can be a daunting task, especially for recent graduates just entering the world of investing.
Industrial stocks suffered badly last year.
Helios' (HLIO) buyout of electronic control systems and parts business of Joyonway is likely to solidify its product offerings in the Electronics segment. The buyout will close in Q3.
Top Ranked Momentum Stocks to Buy for May 10th
Middleby Corp (MIDD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Ball Corp's (BLL) first-quarter results are likely to reflect benefits from solid demand for beverage cans, cost-cutting actions and robust aerospace backlog.