Illinois Based Middleby News Today : Breaking News, Live Updates & Top Stories | Vimarsana

8 hours ago Share New Port Richey's 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 (NYSE: WBT) closed up 0.47% Wednesday at $23.37. This is the second time Wellbilt has announced a sale...

Intuitive Surgical, Tenet rise; Netflix, NextEra Energy fall April 21, 2021 FacebookTwitterEmail Netflix Inc., down $40.67 to $508.90. The streaming video service reported weak subscriber growth during its first quarter. Intuitive Surgical Inc., up $80.27 to $891.38. The surgical instruments maker handily beat Wall Street's first-quarter profit forecasts. ASML Holding NV, up $38.55 to $655.49. The chipmaking equipment supplier reported strong first-quarter profit and revenue. Edwards Lifesciences Corp., up $5.61 to $95.24. The medical device maker gave investors an encouraging profit forecast...

Pasco restaurant equipment supplier Welbilt to be sold in $4.3 billion deal The New Port Richey company has struggled during the pandemic, like other businesses tied to the restaurant industry.     Welbilt, a maker of commercial kitchen appliances and equipment based in New Port Richey, is slated to be acquired by Illinois-based Middleby Corp, [Photo courtesy of Welbilt] Updated 50 minutes ago Welbilt Inc., a New Port Richey company that supplies equipment to restaurants and professional kitchens, is being sold to a global food-service corporation in an all-stock deal worth 4.3 billion....