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...Illinois-based Middleby Corporation said in June that it was in talks to buy Aga with an offer that valued the company at £129m....
...Aga, the maker of classic British cast-iron stoves, has two parties eyeing a purchase, Middleby Corporation and Whirlpool, both from across the Atlantic....
...The 175-year old British brand announced last month that it was selling to Illinois-based Middleby Corporation, which makes commercial and residential kitchen equipment, for 185p per share....
...Shares in the UK company jumped almost 30 per cent to 135p on Wednesday afternoon after it confirmed it was in talks with the Illinois-based Middleby Corporation over a possible cash offer....
...The union of iconic British brand Aga Rangemaster with the US’s Middleby Corporation was meant to be a gently simmering potboiler, but the sudden approach of Whirlpool has turned this saga into a thriller...
...Aga was up 36.1 per cent after Middleby, the US maker of the rival Viking ovens, said it was in “very early-stage” talks about a possible bid....
...A defensive merger between Enodis and Middleby Corporation of the US, perhaps? Related links: Manitowoc raises offer for Enodis – FT.com Lombard on UK engineering...
...However, traders reckon the stock could rally today as investors realise that the Government of Singapore Investment Corporation has built a 3.4 per cent stake, possibly as the prelude to a bid....
...Enodis shares jumped 8.5 per cent to 197½p on talk that Middleby Corporation of the US would next week raise its offer for the food equipment manufacturer to 205p a share....
...The latest in their sights is Enodis, which makes kitchen equipment and is currently being wooed by American rival Middleby....
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