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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. ....
Food Service Equipment Market: Massive Growth, and Developments in the Market, 2023 marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.