Ali Group Boosts Its All-Cash Offer For Welbilt; Welbilt Board Calls Offer “Superior” To Middleby’s Stock Offer

The merger and acquisition dance between Middleby, Welbilt and Ali Group took another turn last week, after I sent our “Special Issue” update Tuesday, July 5. You’ll recall Ali increased its all-cash offer for Welbilt by a dollar to $24 a share July 5 and made clear in the proposal to Welbilt that it is…