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Ali Group submits $24/share all-cash bid for Welbilt

Jul. 05, 2021 11:34 PM ETWelbilt, Inc. (WBT) Stock, MIDD StockMIDD, WBTBy: Joshua Fineman, SA News Editor

Welbilt Canada sign on the building in Mississauga, On, Canada.
JHVEPhoto/iStock Editorial via Getty Images

  • Ali Group said it submitted an all-cash $24/share offer to acquire Welbilt (NYSE:WBT).
  • Ali Group obtained fully underwritten, binding commitment letters for debt financing from Goldman Sachs International and Mediobanca, according to a statement.
  • The

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