Welbilt Inc., a U.S. maker of food-service equipment backed by billionaire Carl Icahn, said an offer by Italy’s Ali Group may lead to a superior deal, casting doubt on a rival bid last month.
Milan-based Ali Group, which supplies gelato dispensers and other equipment, said Friday that it offered $3.3 billion in cash for Welbilt, or $23 a share. It’s seeking to outbid Middleby Corp., which last month agreed to buy Welbilt for about $2.9 billion, or 0.124 Middleby share for each Welbilt stock.
Ali said it has “substantial” cash on hand and has…
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