U.S.-based foodservice equipment maker The Middleby Corporation announced that it has priced the secondary offering of 1,213,375 shares of its common stock at U.S. $56 per share.
The company said that all of the shares are being sold by certain stockholders controlled by either William F. Whitman, the former chairman of the board, or members of his family. The commercial appliance maker will not sell any shares or receive any proceeds from the sale of stock by the selling stockholders in the offering.
The selling stockholders have granted the underwriters an option to purchase up to an additional 182,006 shares of common stock.
to Daily News