# 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.

- Type: Acquisition
- Announced: 2021-09-30
- Where: United States
- Status: announced
- Products: commercial kitchen equipment, ice machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Welbilt](https://endata.com/companies/22062.md) (target)
- [ALi Corporation](https://endata.com/companies/26245.md) (acquirer)
- [Manitowoc Ice](https://endata.com/companies/58067.md) (target)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2021-9-30-welbilt-provides-update-on-acquisition-by-ali-group), 2021-09-30: "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."

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