The Middleby Corporation (MIDD) confirmed that, as part of its Board of Directors'
ongoing efforts to maximize shareholder value, the company has been conducting a strategic review of business portfolio, which started last year. The Board is
considering a broad range of strategic options including a potential separation of its Food Processing and/or its Residential Kitchen business units, among other alternatives.
The company said it is in advanced stages of this review and expects to reach a conclusion within the next few months.
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