THE MIDDLEBY CORPORATION

(MIDD)
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Real-time Estimate Cboe BZX  -  05/16 12:19:04 pm EDT
139.99 USD   +0.18%
11:13aCitigroup Lowers Middleby's Price Target to $180 From $190, Maintains Buy Rating
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05/12MIDDLEBY CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
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05/11KeyBanc Adjusts Middleby's Price Target to $182 from $200, Keeps Overweight Rating
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The Middleby Corporation completed the acquisition of Masterbuilt Holdings LLC from Dominus Capital, L.P. for approximately $410 million.

12/27/2021 EDT

The Middleby Corporation (NasdaqGS:MIDD) entered into an agreement to acquire Masterbuilt Holdings LLC from Dominus Capital, L.P. for approximately $390 million on December 6, 2021. The consideration is payable in cash and will be funded under Middleby’s existing senior credit facility. The transaction is subject to customary closing conditions including regulatory approvals and is expected to close in December 2021. Transaction is expected to be accretive to adjusted EPS in 2022. William Blair and Sawaya Partners, LLC served as financial advisors, and White & Case LLP served as legal counsel for Masterbuilt. Shilpi Gupta, Douglas R. Nemec, Joseph M. Yaffe and Eric B. Sensenbrenner of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors for Middleby Corporation. The Middleby Corporation (NasdaqGS:MIDD) completed the acquisition of Masterbuilt Holdings LLC from Dominus Capital, L.P. for approximately $410 million on December 27, 2021. The purchase price included $403.6 million in cash and 12,921 shares of Middleby common stock valued at $2.5 million. Middleby completed the acquisition for a purchase price of approximately $400.7 million, net of cash acquired. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement, which the company expects to finalize in the second quarter of 2022.


ę S&P Capital IQ 2021
All news about THE MIDDLEBY CORPORATION
11:13aCitigroup Lowers Middleby's Price Target to $180 From $190, Maintains Buy Rating
MT
05/12MIDDLEBY CORP Management's Discussion and Analysis of Financial Condition and Results ..
AQ
05/11KeyBanc Adjusts Middleby's Price Target to $182 from $200, Keeps Overweight Rating
MT
05/10TRANSCRIPT : The Middleby Corporation, Q1 2022 Earnings Call, May 10, 2022
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05/10Middleby's Q1 Adjusted Earnings, Revenue Increase
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05/10MIDDLEBY : Q1 Earnings Snapshot
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05/10The Middleby Corporation Reports First Quarter Results
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05/10Earnings Flash (MIDD) THE MIDDLEBY CORPORATION Reports Q1 EPS $2.13, vs. Street Est of ..
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05/10Earnings Flash (MIDD) THE MIDDLEBY CORPORATION Posts Q1 Revenue $994.7M, vs. Street Est..
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05/10The Middleby Corporation Reports Earnings Results for the First Quarter Ended April 02,..
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Analyst Recommendations on THE MIDDLEBY CORPORATION
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Financials (USD)
Sales 2022 4 070 M - -
Net income 2022 437 M - -
Net Debt 2022 2 031 M - -
P/E ratio 2022 17,1x
Yield 2022 -
Capitalization 7 656 M 7 656 M -
EV / Sales 2022 2,38x
EV / Sales 2023 2,15x
Nbr of Employees 10 624
Free-Float 85,4%
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Mean consensus BUY
Number of Analysts 9
Last Close Price 139,73 $
Average target price 191,25 $
Spread / Average Target 36,9%
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Managers and Directors
Timothy John Fitzgerald Vice President & Controller
Bryan E. Mittelman CFO & Principal Accounting Officer
Gordon Jude O'Brien Chairman
James K. Pool Chief Operating & Technology Officer
Martin Mckay Lindsay Secretary, Treasurer & Chief Risk Officer
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