Italian company outbids competitor, buys local manufacturer for $4.8 billion | Business Observer
8 hours ago Share New Port Richeys Welbilt Inc. purchased by by Milan-based Ali Holding in all-cash deal valued at $4.8 billion. NEW PORT RICHEY—Wellbilt Inc. has been bought by an Italian food service manufacturer in an all cash deal worth about $4.8 billion. Ali Holding S.r.l. is paying $24 per share, according to a statement released by the companies. The boards of both companies unanimously approved the sale. It is expected to close early next year. Shares of Welbilt (NYS...
Source: businessobserverfl.com