Italy's Ali Group raises offer for Welbilt to $3.41 bln, trumping Middleby bid
Article content Italy’s Ali Group on Monday said it raised its offer to buy Welbilt Inc, valuing the U.S. food service equipment maker at $3.41 billion. The deal trumps a $2.9 billion all-stock offer for Welbilt put forward by competitor Middleby in April to beef up its commercial foodservice platform. We apologize, but this video has failed to load. Try refreshing your browser, or Italy's Ali Group raises offer for Welbilt to $3.41 bln, trumping Middleby bid Back to video Welbilt will receive $24 for each share, representing a premium of 3.53% to the closing price on Friday. The offer is...