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 in the past five months.