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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. ....
Pasco company Welbilt, slated to sell for billions, receives competing offer tampabay.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tampabay.com Daily Mail and Mail on Sunday newspapers.
Intuitive Surgical, Tenet rise; Netflix, NextEra Energy fall go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.
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 after reporting solid first-quarter results. Tenet Healthcare Corp., up $2.51 to $54.53. The hospital operator s first-quarter profit and revenue beat Wall Street forecasts. NextEra Energy Inc., down $2.56 to $77.97. Most Popular ....
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. Â Â 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. The deal, announced Wednesday, will see the Illinois-based Middleby Corp. exchange Welbilt shareholdersâs stock for Middleby stock at about a 28 percent premium per share. When the deal is complete, Middleby shareholders will own about 74 percent of the combined company and Welbilt shareholders will own about 26 percent. The sale is expected to close in late 2 ....