Exhibit 99(c)(1) AGREEMENT AND PLAN OF MERGERMerger Agreement • July 9th, 1999 • Welbilt Corp • Refrigeration & service industry machinery • Delaware
BERISFORD PLC AND SCOTSMAN INDUSTRIES, INC. REACH AGREEMENT ON THE SALE OF SCOTSMAN TO BERISFORD FOR $33 PER SHARE LONDON, United Kingdom and VERNON HILLS, Illinois - On July 2, 1999, Berisford plc (LSE: BRFD) and Scotsman Industries, Inc. (NYSE: SCT)...Acquisition Agreement • July 9th, 1999 • Welbilt Corp • Refrigeration & service industry machinery
LONDON, United Kingdom and VERNON HILLS, Illinois - On July 2, 1999, Berisford plc (LSE: BRFD) and Scotsman Industries, Inc. (NYSE: SCT) jointly announced that they have entered into a definitive agreement pursuant to which Scotsman will be acquired for cash by an indirect subsidiary of Berisford for $33.00 per share. The aggregate value of the transaction is approximately $712 million on a fully-diluted basis, including approximately $348 million of Scotsman's net debt.
