Welbilt shareholders approve acquisition by Ali Group

Welbilt stockholders approved the merger agreement with Ali Group with 99.72% of votes in favor. The companies will divest the Manitowoc Ice brand to address antitrust concerns, with the acquisition expected to close in early 2022.

“The companies have decided that they will proceed with divesting Welbilt’s Manitowoc Ice brand to address concerns raised by the U.S. Department of Justice.”stocks.observer-reporter.com

• 1 source
• stocks.observer-reporter.comWelbilt Provides Update on Acquisition by Ali GroupWelbilt, Inc.Sep 30, 2021

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