ELGIN, Ill.--(BUSINESS WIRE)--Jun. 17, 2015--
The Middleby Corporation (NASDAQ: MIDD) today announced that its board
of directors is in preliminary discussions regarding a possible cash
offer for AGA Rangemaster Group plc. These discussions are at a very
early stage and there can be no certainty that any formal offer will be
made, or as to the terms of any offer. A further announcement will be
made when appropriate.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice equipment
industry. The company develops, manufactures, markets and services a
broad line of equipment used in the commercial foodservice, food
processing, and residential kitchen equipment industries. The company's
leading equipment brands serving the commercial foodservice industry
include Anets®, Beech®, Blodgett®, Blodgett Combi®, Blodgett Range®,
Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®,
CookTek®, CTX®, Desmon®, Doyon®, Eswood®, frifri®, Giga®, Goldstein® ,
Holman®, Houno®, IMC®, Jade®, Lang®, Lincat®, MagiKitch'n®, Market
Forge®,Marsal®, Middleby Marshall®, MPC©, Nieco®, Nu-Vu®, PerfectFry®,
Pitco Frialator®, Southbend®, Star®, Toastmaster®, TurboChef®, Viking®,
Wells® and Wunder-Bar®. The company’s leading equipment brands serving
the food processing industry include Alkar®, Armor Inox®, Auto-Bake®,
Baker Thermal Solutions®, Cozzini®, Danfotech®, Drake®, Maurer-Atmos®,
MP Equipment®, Processing Equipment Solutions®, RapidPak®, Spooner
Vicars®, Stewart Systems® and Thurne®. The company’s leading equipment
brands serving the residential kitchen industry include Brigade®, Jade®,
TurboChef®, Viking® and U-Line®.
In 2014 The Middleby Corporation was named a Fastest Growing Company by
Fortune Magazine. For more information about The Middleby Corporation
and the company brands, please visit www.middleby.com.
Forward-Looking Statements
Statements in this press release or otherwise attributable to the
company regarding the company's business which are not historical fact
are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. The
company cautions investors that such statements are estimates of future
performance and are highly dependent upon a variety of important factors
that could cause actual results to differ materially from such
statements. Such factors include variability in financing costs;
quarterly variations in operating results; dependence on key customers;
international exposure; foreign exchange and political risks affecting
international sales; changing market conditions; the impact of
competitive products and pricing; the timely development and market
acceptance of the company's products; the availability and cost of raw
materials; and other risks detailed herein and from time-to-time in the
company's SEC filings.
Morgan Stanley & Co. International plc ("Morgan Stanley") is acting as
sole financial adviser to The Middleby Corporation and no one else in
connection with the matters described in this announcement. In
connection with such matters, Morgan Stanley, its affiliates and their
respective directors, officers, employees and agents will not regard any
other person as their client, nor will they be responsible to any other
person for providing the protections afforded to the clients of Morgan
Stanley or for providing advice in relation to the possible offer, or
the contents of this announcement or any other matter or arrangement
referred to herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617005815/en/
Source: The Middleby Corporation
The Middleby Corporation
Darcy Bretz
+1-847-429-7756
Morgan
Stanley
Colm Donlon
Daniel Blank
Michael Bird
+44
(0) 20 742 5800
