The latest announcement is out from The Middleby ( (MIDD) ).
On February 24, 2025, The Middleby Corporation entered into a Cooperation Agreement with Garden Investment Management, leading to the appointment of Ed Garden to its Board of Directors. This agreement includes standstill restrictions and mutual non-disparagement provisions, and it will terminate before the 2026 Annual Meeting. On February 25, 2025, Middleby announced the appointments of Julie Bowerman and Ed Garden to its Board and the retirement of John Miller. The company also revealed plans to spin off its food processing business into a standalone public company, aiming to optimize its portfolio and enhance shareholder value. These strategic moves reflect Middleby’s commitment to governance and shareholder engagement.
More about The Middleby
The Middleby Corporation is a global leader in the foodservice industry, developing and manufacturing a broad range of solutions for commercial foodservice, food processing, and residential kitchens. The company showcases its advanced solutions in various innovation centers and showrooms.
YTD Price Performance: 25.55%
Average Trading Volume: 705,754
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.05B
Find detailed analytics on MIDD stock on TipRanks’ Stock Analysis page.