Welbilt, Inc. (WBT) shares are gaining more than 30 percent on Wednesday morning trade as the company agreed to be acquired by Middleby Corp. (MIDD) in a $4.3 billion deal. Welbilt, the provider of equipment and solutions for chefs said its shareholders will receive 0.1240 shares of Middleby common stock for each share owned.

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Welbilt, Inc. (WBT) shares are gaining more than 30 percent on Wednesday morning trade as the company agreed to be acquired by Middleby Corp. (MIDD) in a $4.3 billion deal. Welbilt, the provider of equipment and solutions for chefs said its shareholders will receive 0.1240 shares of Middleby common stock for each share owned.

RTTNews | Apr 21, 2021 10:08AM EDT

10:07 Wednesday, April 21, 2021 (RTTNews.com) - Welbilt, Inc. (WBT) shares are gaining more than 30 percent on Wednesday morning trade as the company agreed to be acquired by Middleby Corp. (MIDD) in a $4.3 billion deal. Welbilt, the provider of equipment and solutions for chefs said its shareholders will receive 0.1240 shares of Middleby common stock for each share owned.

Currently, Welbilt shares are at $20.81, up 33 percent from the previous close of $15.63 on a volume of 15,662,112. For the 52-week period, the shares have traded in a range of $3.90-$20.88 on average volume of 1,230,217.

The deal is expected to close in late 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3186859/stock-alert-welbilt-up-33-on-acquisition-offer-from-middleby.aspx)

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