Simpson Thacher Represents Morgan Stanley as Financial Advisor to Welbilt in Its Acquisition by Middleby
04.21.21
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The Firm is representing Morgan Stanley & Co. LLC, as financial advisor to Welbilt, Inc. (NYSE: WBT) in connection with its proposed acquisition by The Middleby Corporation (NASDAQ: MIDD) in an all-stock transaction valuing Welbilt at $4.3 billion. The transaction is expected to close in late 2021, subject to customary closing conditions, including regulatory and Middleby and Welbilt shareholder approvals.
Middleby is a global leader in the foodservice equipment industry. Welbilt provides the world’s top chefs, premier chain operators and growing independents with industry-leading equipment and solutions.
The Simpson Thacher team includes Caroline Gottschalk and Jess Yoon (M&A).