Ali Group, a manufacturer of foodservice equipment, completed its acquisition of Welbilt. With this transaction, Welbilt’s common stock stopped trading as of the close of trading on July 28 and is no longer listed on the New York Stock Exchange. read more

JUL 29, 2022 - 7:24 am

Ali Group, a manufacturer of foodservice equipment, and Welbilt entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value. read more

JUL 19, 2021 - 6:46 am

Ali Group, an international provider of foodservice equipment, submitted a proposal to the board of directors of Welbilt under which it would acquire all of the outstanding shares of Welbilt common stock for $23 per share in cash. read more

JUN 1, 2021 - 6:48 am