Welbilt Inc. (WBT) Stock is Soaring, Here is What You Need to Know

Foodservice equipment manufacturer Middleby Corp announced it has entered into a definitive agreement under which it would acquire rival Welbilt Inc. (WBT), in an all stock deal with an implied enterprise value of $4.3 billion. Each Welbilt shareholder will get a fixed exchange ratio of 0.1240x shares of Middleby common stock for each unit of […]