Middleby to sell 51% stake in Residential Kitchen business at $885M (MIDD:NASDAQ)

Core Viewpoint - The Middleby Corporation (MIDD) has entered into an agreement for affiliates of 26North Partners to acquire a 51% controlling interest in its Residential Kitchen business, valuing the segment at $885 million [1] Company Summary - Middleby will retain a 49% non-controlling interest in the newly formed standalone entity [1]