Welbilt, Inc. (WBT)

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HOD HASHARON, Israel, Jan. 01, 2025 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT) (Weebit or Company), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, has licensed its resistive random access memory (ReRAM) technology to tier-1 semiconductor supplier, onsemi (Nasdaq:ON). Under the terms of the agreement, Weebit ReRAM IP will be integrated into onsemi's Treo platform, to provide embedded non-volatile memory (NVM).

Billionaire investor Carl Icahn acquired more than 12.5 million shares of Twitter Inc. during the third quarter, ahead of Elon Musk's takeover of the company, while also boosting his holdings in Occidental Petroleum Corp. and Southwest Gas Holdings., according to a filing Monday.

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief executive of the catering equipment company told Reuters.

LONDON--(BUSINESS WIRE)--Pentair plc today announced that it has completed the previously announced transaction to acquire Manitowoc Ice from Welbilt, Inc.

Industry leaders collaborating to transform restaurant operations CHICAGO , May 19, 2022 /PRNewswire/ -- As restaurant operators seek to accelerate their digital transformation in response to labor challenges, changing consumer behaviors, and increasing cost pressures, AT&T*, Microsoft and Welbilt are coming together to help restaurants digitize, simplify and transform their kitchens across the food service industry. Welbilt selected AT&T to connect their award-winning KitchenConnect® cloud solution to build upon their restaurant equipment manufacturing expertise.

NEW PORT RICHEY, Fl.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) today announced that it has entered into a definitive agreement to sell its Manitowoc® Ice business (“Manitowoc Ice”) to Pentair plc (NYSE:PNR) for approximately $1.6 billion in cash, on a cash free and debt free basis, subject to customary post-closing adjustments. Manitowoc Ice designs, manufactures and markets a full line of ice machines and related equipment and generated sales of approximately $308 million in 2021. Commenting

Manufacturing activity is getting a boost from higher demand and consumption, helping stocks like Welbilt (WBT), A. O. Smith (AOS), Helios Technologies (HLIO) and Applied Industrial Technologies (AIT).

Welbilt (WBT) delivered earnings and revenue surprises of 40.00% and 5.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Welbilt (WBT) receives shareholders' nod for its merger with the Ali Group. Also, the parties decide to divest Welbilt's Manitowoc Ice brand to satisfy the concerns of the U.S. Department of Justice.

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) announced that the proposal to adopt and approve the Merger Agreement with Ali Holding S.r.l., Ali Group North America Corporation and Ascend Merger Corp. (collectively “Ali Group”) was approved today by Welbilt stockholders with 99.72 percent of shares that were voted cast in favor of the pending merger. In addition, Welbilt and Ali Group have submitted regulatory filings in all required jurisdictions, including the U.S., United

NEW YORK, Sept. 20, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq.

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), announced today that Richard N. “Rick” Caron, Executive Vice President and Chief Innovation Officer, passed away on September 2nd following a brief non-Covid related illness. Mr. Caron, 65, served as the head of innovation and technology since joining Welbilt's predecessor company Enodis in 2005. Bill Johnson, Welbilt's President and Chief Executive Officer, issued the following statement: “The entire Welbilt team is deeply sadde

Welbilt Inc. (NYSE: WBT) and Apex Order Pickup Solutions launched the smart locker series, OrderHQ. OrderHQ integrates existing point of sale and other back-of-house management systems for restaurants to offer quick and convenient order pickup experiences.

MASON, Ohio, Sept. 1, 2021 /PRNewswire/ -- Apex Order Pickup Solutions, a leading global provider of self-serve automated pickup solutions for use in foodservice, retail and b-to-b ecommerce, and Welbilt, Inc. (NYSE:WBT), a leading global provider of commercial foodservice equipment, today announce the launch of OrderHQ™, a smart locker series that integrates with existing point of sale and other back-of-house management systems to make it easier for restaurants to offer quick and convenient order pickup experiences.

Welbilt (WBT) CEO Bill Johnson on Q2 2021 Results - Earnings Call Transcript