Middleby declares 3-for-1 stock split The Middleby Corporation announced that the company’s board has declared a three-for-one split of the company’s common stock. The company will effect the stock split by issuing a stock dividend. Each stockholder of record on June 16 will receive two additional shares of common stock for each share held on the record date. Shares issued pursuant to the stock split will be distributed on June 26.
Middleby to acquire U-Line Corporation; terms not disclosed The Middleby Corporation announced it has entered into a definitive agreement to acquire the U-Line Corporation. U-Line is involved in the premium residential built-in modular ice making, refrigeration and wine preservation market. U-Line has annual revenues of approximately $60M.