WELBILT, INC.

Ali Group and Welbilt Announce Definitive Merger Agreement

Retrieved on: 
Wednesday, July 14, 2021
Restaurant, Bar, Food, Beverage, Manufacturing, Other Manufacturing, Retail, Corporate finance, Human resource management, Mergers and acquisitions, New York Stock Exchange, Economy, Finance, Business, Ali Group, Welbilt, Inc., ALI GROUP, WELBILT, INC.

(Ali Group), one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. (NYSE:WBT) today announced that they have entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24.00 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value.

Key Points: 
  • (Ali Group), one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. (NYSE:WBT) today announced that they have entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24.00 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value.
  • We are excited to reach this agreement with Ali Group, which delivers outstanding value to Welbilt shareholders, provides new opportunities for Welbilt employees and enables Welbilt to benefit from the expertise and resources of Ali Group, said Bill Johnson, Welbilts President and Chief Executive Officer.
  • Per the terms of the Middleby merger agreement, Ali Group has paid Middleby a $110 million termination fee on Welbilts behalf as agreed to in the Ali Group merger agreement.
  • Welbilt expects to announce a special stockholder meeting to approve the Ali Group transaction at a later date.

SHAREHOLDER ALERT: WeissLaw LLP Reminds HGV, WBT, SVRH, and DSSI Shareholders About Its Ongoing Investigations

Retrieved on: 
Wednesday, May 19, 2021
Financial markets, Finance, Financial economics, Corporate finance, Equity securities, Stock market, Equity, Fiduciary, Apollo Global Management, Apollo Education Group, New York Stock Exchange, Stock

b'WeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hilton Grand Vacations Inc. (NYSE: HGV) in connection withthe company\'s proposed acquisition of Diamond Resorts International, Inc. ("Diamond") from funds managed by affiliates of Apollo Global Management, Inc. (the "Apollo Funds").Pursuant to the merger agreement, HGV will issue 34.5 million shares of common stock valued at $1.4 billion to the Apollo Funds and other Diamond stockholders.

Key Points: 
  • b'WeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hilton Grand Vacations Inc. (NYSE: HGV) in connection withthe company\'s proposed acquisition of Diamond Resorts International, Inc. ("Diamond") from funds managed by affiliates of Apollo Global Management, Inc. (the "Apollo Funds").Pursuant to the merger agreement, HGV will issue 34.5 million shares of common stock valued at $1.4 billion to the Apollo Funds and other Diamond stockholders.
  • Under the terms of the agreement, SVRH shareholders will receive 0.4116 shares of SmartFinancial for each share of SVRH common stock that they own, representing implied per-share consideration of $9.66 based upon SmartFinancial\'s May 18, 2021 closing price of $23.46.If you own SVRHshares and wish to discuss this investigation or your rights, please call us or visit our website: http://www.weisslawllp.com/svrh/\nWeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Diamond S Shipping Inc. (NYSE: DSSI) in connection withthe proposed acquisition of the company by International Seaways, Inc. ("INSW").
  • Under the terms of the agreement, DSSI shareholders will receive 0.55375 shares of INSW common stock for each share of DSSI common stock that they hold, representing implied consideration of $11.08 based upon INSW\'s May 18, 2021 closing price of $20.01.
  • If you own DSSI shares and wish to discuss this investigation or your rights, please call us or visit our website: http://www.weisslawllp.com/dssi/\nView original content to download multimedia: http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-r...\n'

Welbilt to Present at the William Blair 2019 Growth Stock Conference

Retrieved on: 
Friday, May 31, 2019
Restaurant, Bar, Retail, Finance, Economy, Money, Manitowoc, Wisconsin, WBT, Enodis, Investor relations, New York Stock Exchange

Welbilt, Inc. (NYSE:WBT) announced today that Bill Johnson, President and CEO, and Rich Sheffer, Vice President Investor Relations, Risk Management and Treasurer, will present at the William Blair & Co. 2019 Growth Stock Conference in Chicago, Illinois on June 6th at 11:20 am CT (12:20 pm ET).

Key Points: 
  • Welbilt, Inc. (NYSE:WBT) announced today that Bill Johnson, President and CEO, and Rich Sheffer, Vice President Investor Relations, Risk Management and Treasurer, will present at the William Blair & Co. 2019 Growth Stock Conference in Chicago, Illinois on June 6th at 11:20 am CT (12:20 pm ET).
  • A live audio webcast of the presentation and an archived replay can be accessed through the Investors Relations section of Welbilts website, www.welbilt.com .
  • Welbilt, Inc. provides the worlds top chefs, premier chain operators and growing independents with industry-leading equipment and solutions.
  • Our portfolio of award-winning product brands includes Cleveland, Convotherm, Crem, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowoc Ice, Merco, Merrychef and Multiplex.

Welbilt Committed to Strong Organic Sales and Margin Expansion Through 2021

Retrieved on: 
Tuesday, May 14, 2019
Restaurant, Bar, Manufacturing, Other Manufacturing, Retail, Food, Beverage, Marketing

Welbilt has a strong foundation with significant opportunity for enhanced profitable growth, said Bill Johnson.

Key Points: 
  • Welbilt has a strong foundation with significant opportunity for enhanced profitable growth, said Bill Johnson.
  • We are committed to further improving our customers experience by effectively going to market as a portfolio of brands, making Welbilt the easiest company to do business with in the commercial foodservice equipment industry.
  • We have begun to execute our Transformation Program, which focuses on improving our global manufacturing and distribution operations, procurement, engineering, KitchenCare, sales and marketing and other corporate functions.
  • Our focus on enhanced profitable growth and margin expansion will allow us to continue generating strong Free Cash Flow.

Welbilt Announces Details for 2019 First Quarter Earnings Call and Webcast

Retrieved on: 
Wednesday, April 17, 2019
Restaurant, Bar, Retail, Specialty

Webcast: A live webcast and a replay of the call can be accessed on the Investor Relations page at www.welbilt.com .

Key Points: 
  • Webcast: A live webcast and a replay of the call can be accessed on the Investor Relations page at www.welbilt.com .
  • The webcast replay will be available for 30 days from 1:00 pm ET, Tuesday, May 7.
  • The audio replay will be available beginning at 1:00 pm ET on Tuesday, May 7, until 11:59 pm ET, Tuesday, May 21, 2019.
  • Welbilt, Inc. provides the worlds top chefs, premier chain operators and growing independents with industry-leading equipment and solutions.

Welbilt to Host 2019 Investor Day

Retrieved on: 
Friday, March 29, 2019
Supply chain management, Restaurant, Bar, Manufacturing, Other Manufacturing, Retail, Food, Beverage, WBT-FM, WBT, New York Stock Exchange, Radio stations, Radio, Broadcasting

Welbilt, Inc. (NYSE:WBT) announced today that it will host an Investor Day at its headquarters in New Port Richey, FL on May 14, 2019.

Key Points: 
  • Welbilt, Inc. (NYSE:WBT) announced today that it will host an Investor Day at its headquarters in New Port Richey, FL on May 14, 2019.
  • Presentations, including question and answer sessions, will begin promptly at 8:30 am ET and conclude by 11:30 am ET.
  • A live audio webcast and presentation materials will be available on the Investor Relations page at www.welbilt.com .
  • Welbilt, Inc. provides the worlds top chefs, premier chain operators and growing independents with industry-leading equipment and solutions.

Welbilt Announces Appointment of Martin Agard as Executive Vice President and Chief Financial Officer

Retrieved on: 
Monday, March 18, 2019
Supply chain management, Restaurant, Bar, Manufacturing, Other Manufacturing, Retail, Food, Beverage

Welbilt, Inc. (NYSE:WBT) announced today that it has appointed Martin D. Agard to Executive Vice President and Chief Financial Officer effective April 8, 2019.

Key Points: 
  • Welbilt, Inc. (NYSE:WBT) announced today that it has appointed Martin D. Agard to Executive Vice President and Chief Financial Officer effective April 8, 2019.
  • From 2013 to 2015, he served as Senior Vice President and Chief Financial Officer of Kohler Company, a manufacturer of kitchen and bathroom fixtures.
  • Marty brings a well-rounded financial background at both manufacturing and distribution companies to his role at Welbilt, said Bill Johnson, Welbilts President and Chief Executive Officer.
  • Welbilt also announced that it has promoted Jamie E. Palm to Vice President Corporate Controller and Chief Accounting Officer.

Welbilt to Present at Upcoming Investor Conferences

Retrieved on: 
Monday, February 18, 2019
Restaurant, Bar, Retail, Food, Beverage, Finance, Money, Economy, Corporate finance, Investment, Investor relations, Stock market, Citigroup, New York Stock Exchange

Welbilt, Inc. (NYSE:WBT) announced today that it will present at the following investor conferences:

Key Points: 
  • Welbilt, Inc. (NYSE:WBT) announced today that it will present at the following investor conferences:
    Bill Johnson, President and Chief Executive Officer, and Rich Sheffer, Vice President Investor Relations, Risk Management and Treasurer will present at the Barclays Industrial Select Conference on Wednesday, February 20 from 8:35 9:05 am ET.
  • Haresh Shah, Executive Vice President and Chief Financial Officer, and Rich Sheffer, Vice President Investor Relations, Risk Management and Treasurer will present at the Citi Global Industrials Conference on Thursday, February 21 from 11:00 11:40 am ET.
  • Please visit Welbilts Investor Relations website at http://ir.welbilt.com/investor-relations/default.aspx .
  • Welbilt, Inc. provides the worlds top chefs, premier chain operators and growing independents with industry-leading equipment and solutions.