Ali Group And Welbilt Agree To Merge After Middleby Steps Out; Deal Still Has Way To Go

It was another busy week on the “which big company would buy Welbilt” front. Ali Group and Welbilt Inc. announced July 14 that the two companies signed a definite merger agreement under which Ali will acquire Welbilt for $24 a share in an all-cash transaction. The deal is valued at $3.5 billion in “aggregate equity…