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Welbilt Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Welbilt, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – WBT

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Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Welbilt, Inc. (NYSE: WBT) to The Middleby Corporation is fair to Welbilt shareholders. Under the terms of the agreement, Welbilt shareholders will receive a fixed exchange ratio of 0.1240x shares of Middleby common stock for each share of Welbilt common stock. Upon closing, Welbilt shareholders will own approximately 24% of the combined company on a fully diluted basis.

Halper Sadeh encourages Welbilt shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether Welbilt and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Welbilt shareholders; (2) determine whether Middleby is underpaying for Welbilt; and (3) disclose all material information necessary for Welbilt shareholders to adequately assess and value the merger consideration. On behalf of Welbilt shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Welbilt shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005757/en/

Contacts

Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com