Midera Is Free: Middleby Completes Its Food Processing Spinoff

Middleby completed the spinoff of its Food Processing business on July 6. The new company, Midera Food Processing, begins regular-way trading today on Nasdaq under the ticker MFP. Middleby shareholders received one Midera share for each Middleby share held as of the June 26 record date. Middleby’s completion announcement is here. We wrote about the planned separation last…