Adds details from release in paragraphs 2,3; background in paragraph 4
Jan 27 (Reuters) - Food processing equipment maker Middleby MIDD.O said on Monday that its board is considering a broad range of strategic options including a potential separation of either or both of its food processing and residential kitchen business units.
Middleby said the strategic review, which started last year, is in advanced stages and the company expects to reach a conclusion within the next few months.
"The Board and management team believe that there is unrealized value in the Company’s business portfolio and have been evaluating a wide range of options and the optimal timing to unlock that value," Middleby said.
The Elgin, Illinois-based company, which holds a market value of $9.13 billion, develops and manufactures a broad line of products used in commercial food service, food processing, and residential kitchens.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Sonia Cheema)
((Abhinav.Parmar@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。