Brief: Middleby To Sell 51% Stake In Residential Kitchen Business
04/12/2025 14:07
Dec 4 (Reuters) - Middleby Corp MIDD.O: MIDDLEBY TO SELL 51% STAKE IN RESIDENTIAL KITCHEN BUSINESS TO 26NORTH IN TRANSACTION VALUING THE BUSINESS AT $885 MILLION MIDDLEBY CORP - TO RECEIVE $540 MILLION CASH PROCEEDS MIDDLEBY CORP - RETAINS 49% NON-CONTROLLING INTEREST IN JOINT VENTURE Source text: ID:nBw1x9sHva Further company coverage: MIDD.O ((Reuters.Briefs@thomsonreuters.com;))