Monday, January 5, 2009

Press Release: The Middleby Corporation Completes Acquisition of TurboChef Technologies, Inc.

The Middleby Corporation (NASDAQ: MIDD) and TurboChef Technologies, Inc. (NASDAQ: OVEN) today announced that Middleby has completed its acquisition of TurboChef for $3.67 in cash and 0.0486 shares of Middleby common stock for each outstanding share of TurboChef common stock in accordance with the terms of an agreement and plan of merger entered into August 12, 2008 and amended November 21, 2008. The acquisition closed on January 5, 2009. Middleby financed the transaction under its senior revolving credit facility.


See full press release here.