Middleby confirms strategic review; may separate Food Processing or Residential Kitchen units

MIDDLEBY Corp

Board-directed review started last year; advanced stages, conclusion expected in months.
Options include potential separation of Food Processing and/or Residential Kitchen businesses.
Goldman Sachs & Co. LLC is financial advisor; Skadden Arps is legal advisor.
No assurance on outcome; company will not comment further unless board approves action.

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