Welbilt agrees to be acquired by Ali Group, after cash bid was deemed 'superior' to Middleby's all-stock bid

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Welbilt agrees to be acquired by Ali Group, after cash bid was deemed 'superior' to Middleby's all-stock bid

Welbilt Inc. WBT, +0.34% announced Wednesday an agreement to be acquired by Ali Group S.r.l. in a cash deal that values the foodservice equipment company at about $3.40 billion. Under terms of the agreement, Italy-based Ali Group will pay $24 for each …
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Conagra Brands battles inflation with increased prices and continued innovation

As grocery buying settles into a new, less-frenzied norm, many major food companies including Conagra Brands are dealing with the rising costs of doing business in an inflationary environment by raising the prices of their finished products. Speaking on the …
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Bloomberg Westminster: Don't Discard Your Mask

Brabin tells Bloomberg Westminster's Caroline Hepker and Roger Hearing most people want to keep wearing masks on public transport and that is the
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Robinhood Gets Ready for the Meme Stock World It Created

Hi all, it's Annie from Bloomberg's investing team. Soon, Robinhood Markets Inc. will go public. The debut—which could happen in the coming
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Norwegian cruises sues Florida over virus vaccination law

MIAMI (AP) — Norwegian Cruise Line is challenging a new Florida law that prevents cruise companies from requiring passengers to show proof of vaccination against the COVID-19 virus. The lawsuit, filed Tuesday in Miami federal court, contends that the law …
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