for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Food service equipment maker Middleby to buy rival Welbilt for $2.9 bln

April 21 (Reuters) - Food service equipment manufacturer Middleby Corp said on Wednesday it would buy smaller rival Welbilt Inc for about $2.9 billion.

Under the deal, Welbilt shareholders will receive 0.1240 shares of Middleby common stock for each share they own in the company. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Aditya Soni)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up