The Middleby Corporation logo MIDD - The Middleby Corporation

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| PRICE TARGET: $192.00 DETAILS
HIGH: $205.00
LOW: $160.00
MEDIAN: $200.00
CONSENSUS: $192.00
UPSIDE: 45.21%

Stock News

Midera Food Processing Completes Spin-Off, Begins Trading Tomorrow as Independent, Public Company

Midera Food Processing Completes Spin-Off, Begins Trading Tomorrow as Independent, Public Company

Leading global pure-play food processing technology platform with proven total line solutions, 30+ established brands and a differentiated growth strategy Mark Salman, CEO, and seasoned management team bring decades of food processing expertise and a proven acquisition playbook to Midera's public debut Midera begins trading tomorrow, July 7, 2026, on Nasdaq under the ticker symbol “MFP” ROSEMONT, Ill., July 06, 2026 (GLOBE NEWSWIRE) -- Midera Food Processing, Inc. (“Midera” or the “Company”), a leading global pure-play food processing technology platform, today announced that its spin-off from The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) is complete, and it will begin trading as an independent company under the ticker symbol “MFP,” effective at the market opening tomorrow, July 7, 2026.

Jul 06, 2026 04:00 AM globenewswire.com
Middleby Completes Spin-off of Midera Food Processing

Middleby Completes Spin-off of Midera Food Processing

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that it has completed the previously announced spin-off of its Food Processing business, now operating as Midera Food Processing, Inc. (“Midera”). Shares of Midera common stock will begin trading “regular way” on The Nasdaq Stock Market under the ticker symbol “MFP,” effective at the market opening on July 7, 2026. “This separation represents the culmination of strategic portfolio work to unlock the full value.

Jul 06, 2026 04:00 AM businesswire.com
Middleby Announces that Midera Food Processing Enters into $1 Billion Credit Agreement

Middleby Announces that Midera Food Processing Enters into $1 Billion Credit Agreement

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that in connection with the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”) has entered into a five-year, $1.0 billion credit agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and other financial institutions and lenders, consisting of a $750 million U.S. dollar revolving credit facility and a $250 million multi-curren.

Jun 29, 2026 05:00 AM businesswire.com
Middleby Board of Directors Approves Spin-off of Midera Food Processing

Middleby Board of Directors Approves Spin-off of Midera Food Processing

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that its Board of Directors (the “Board”) has formally approved the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”). To execute the spin-off, Middleby will distribute all of the issued and outstanding shares of Midera common stock pro rata to Middleby stockholders of record on June 26, 2026 (the “Record Date”). The Board expects the distribution to occur a.

Jun 22, 2026 04:00 AM businesswire.com
Middleby To Present Growth Strategy at 2026 Investor Day Ahead of Transformative Business Separation

Middleby To Present Growth Strategy at 2026 Investor Day Ahead of Transformative Business Separation

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice and food processing industries, today unveils its strategic roadmap as two independent, publicly traded companies at an Investor Day in New York City, positioning current Middleby shareholders to benefit from focused growth strategies and enhanced value creation following the expected July 6, 2026 spin-off1. Following the spin-off of Midera, Middleb.

May 12, 2026 05:00 AM businesswire.com

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