# Ali Group to acquire Welbilt for $3.5 billion

Ali Group announced a definitive merger agreement to acquire Welbilt in an all-cash transaction for $24.00 per share, approximately $3.5 billion in equity value and $4.8 billion in enterprise value.

- Type: Acquisition
- Announced: 2021-07-14
- Where: United States
- Value: $3.50B
- Status: announced
- Products: foodservice equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Welbilt](https://endata.com/companies/22062.md) (target)
- [ALi Corporation](https://endata.com/companies/26245.md) (acquirer)

## Sources

- [streetinsider.com](https://www.streetinsider.com/Business+Wire/Ali+Group+and+Welbilt+Announce+Definitive+Merger+Agreement/18676856.html), 2021-07-14: "We are pleased to announce this agreement with Welbilt and look forward to combining our highly complementary brands to create a comprehensive product portfolio and enhance our global footprint."
- [aligroup.com](https://www.aligroup.com/news/ali-group-and-welbilt-announce-definitive-merger-agreement/), 2021-07-14: "We are pleased to announce this agreement with Welbilt and look forward to combining our highly complementary brands to create a comprehensive product portfolio and enhance our global footprint."
- [businesswire.com](https://www.businesswire.com/news/home/20210714005699/en/Ali-Group-and-Welbilt-Announce-Definitive-Merger-Agreement), 2021-07-14: "We are pleased to announce this agreement with Welbilt and look forward to combining our highly complementary brands to create a comprehensive product portfolio and enhance our global footprint."
- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2021-7-14-ali-group-and-welbilt-announce-definitive-merger-agreement), 2021-07-14: "We are pleased to announce this agreement with Welbilt and look forward to combining our highly complementary brands to create a comprehensive product portfolio and enhance our global footprint."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.