Tag Archives: MIDD

Midera Is Free: Middleby Completes Its Food Processing Spinoff

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Middleby Midera spinoff graphic showing Commercial Foodservice and Food Processing separating into MFP

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… Read More »

Middleby Sets July 6 As Date For Midera Spinoff. The Pieces Are Easier To Price Now.

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Middleby Midera spinoff graphic showing Commercial Foodservice and Food Processing separating into MFP

Middleby has spent years looking like a company that made more sense in pieces. Commercial kitchen equipment was one piece. Food Processing was another. Residential Kitchen was another still. They kind of looked similar, but, are, in fact, very different businesses. It’s not really surprising than that Middleby has chosen to split them up. Middleby has already moved… Read More »