Item 8.01. Other Events

On July 11, 2022, Welbilt, Inc., a Delaware corporation (the "Company"), received the required regulatory approval from the U.K. Competition and Markets Authority to complete the previously announced acquisition of the Company by Ali Holding S.r.l. as well as the related sale of the Company's Manitowoc Ice business to Pentair plc (collectively, the "Transactions"). The Company previously received required approvals for the Transactions from the U.S. Department of Justice and the European Commission. All required regulatory approvals to complete the Transactions have now been obtained.

The closing of the Transactions is expected to occur on or around July 28, 2022, subject to the satisfaction or waiver of the remaining closing conditions set forth in the definitive agreements related to the Transactions.


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