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Welbilt jumps 22% after Middleby announces it will acquire the foodservice equipment company for $2.9 billion

Middleby plans to acquire Welbilt in a $2.9 billion all-stock deal. Welbilt shareholders will receive 0.1240 shares of Middleby common stock for each share held. Welbilt stock jumped as much as 22% on Wednesday after news of the Middleby acquisition broke. Sign up here for our daily newsletter, 10 Things...
Read more on: newsbreak.com