TurboChef Technologies, Inc. (NASDAQ-GM: OVEN) and The Middleby Corporation (NASDAQ: MIDD) announced last week they have entered into an agreement of merger.
In the proposed transaction, holders of common stock of the company will receive $3.67 cash per share and .0486 shares of Middleby common stock. Based on closing prices as of August 11, the consideration would equate to $6.47 per share, a premium of 30.3 percent to TurboChef's 20-day trading average price.
Post Release
Get Content
Email News Brief
Saved Articles
Advertising
Handheld
XML/RSS
Post News