NEW YORK--(BUSINESS WIRE)--26North and Middleby announced affiliates of 26North completed an acquisition of a controlling interest in Middleby's Residential Kitchen business.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby”) (NASDAQ: MIDD) today announced the completion of the previously announced transaction to sell a 51% stake in its Residential Kitchen business to an affiliate of 26North Partners LP (“26North”). “The completion of this transaction is the first step in Middleby's transformation into a pure-play commercial foodservice equipment company with a comprehensive portfolio of leading commercial foodservice products poised to address attr.
Teacher Retirement System of Texas reduced its position in shares of The Middleby Corporation (NASDAQ: MIDD) by 31.0% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,456 shares of the industrial products company's stock after selling 5,135 shares during
Middleby (NASDAQ: MIDD - Get Free Report) and Paul Mueller (OTCMKTS:MUEL - Get Free Report) are both industrials companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, risk, valuation, institutional ownership, analyst recommendations and earnings. Profitability This table compares Middleby and Paul Mueller's net
Shares of The Middleby Corporation (NASDAQ: MIDD - Get Free Report) have earned an average rating of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and
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Ariel Investments LLC trimmed its holdings in shares of The Middleby Corporation (NASDAQ: MIDD) by 5.6% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 934,607 shares of the industrial products company's stock after selling 55,916 shares during the quarter. Middleby
Arrowstreet Capital Limited Partnership boosted its holdings in The Middleby Corporation (NASDAQ: MIDD) by 55.4% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,555 shares of the industrial products company's stock after purchasing an additional 56,161 shares during the
The Middleby Corporation (MIDD) M&A Call Transcript
NEW YORK--(BUSINESS WIRE)--26North and Middleby announced that affiliates of 26North have agreed to purchase a controlling interest in Middleby's Residential Kitchen business.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby”) (NASDAQ: MIDD) today announced entry into a definitive agreement under which it will sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP (“26North”) in a transaction valuing Residential Kitchen at $885 million. Following this transaction, Middleby will own a 49% non-controlling interest in a new standalone joint venture holding the Residential Kitchen business, while receiving upfront cash.
26North is set to own 51% of the kitchen-products division that houses a number of luxury cookware-equipment brands.
American Century Companies Inc. lowered its stake in The Middleby Corporation (NASDAQ: MIDD) by 71.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 207,922 shares of the industrial products company's stock after selling 511,092 shares during the period. American Century Companies Inc.
Shares of The Middleby Corporation (NASDAQ: MIDD - Get Free Report) have been given a consensus rating of "Hold" by the nine brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating
Advantage Alpha Capital Partners LP lessened its stake in shares of The Middleby Corporation (NASDAQ: MIDD) by 21.4% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,564 shares of the industrial products company's stock after selling
Clarkston Capital Partners LLC grew its position in shares of The Middleby Corporation (NASDAQ: MIDD) by 0.6% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 692,764 shares of the industrial products company's stock after purchasing an additional 4,204 shares during the
Aviso Financial Inc. boosted its holdings in shares of The Middleby Corporation (NASDAQ: MIDD) by 2.3% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,123 shares of the industrial products company's stock after buying an additional 7,322 shares during the
Connor Clark and Lunn Investment Management Ltd. bought a new position in shares of The Middleby Corporation (NASDAQ: MIDD) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,322 shares of the industrial products company's stock, valued at