ATLANTA, Aug 15 (Reuters) – Brokerage firm Morgan Keegan said on Monday that appliance maker Whirlpool Corp.’s proposed acquisition of rival Maytag Corp. could likely be completed early next year, as regulatory approval could take several months.
Author: admin
Lowe’s supports Whirlpool-Maytag combination
ATLANTA, Aug 15 (Reuters) – Lowe’s Cos. , the second-largest U.S. retailer of appliances behind Sears Holdings Corp., on Monday said it would be pleased to see a combination of U.S. appliance makers Whirlpool Corp. and Maytag Corp.
Recycling directive leads to price hikes
Retailers in Ireland have been accused of taking advantage of the EU recycling directive’s introduction by raising their prices. The EU Waste Electronic and Electrical Equipment (WEEE) directive became law in Ireland on Saturday and was immediately followed by “disproportionate” price increases, …
Maytag board decides to back Whirlpool takeover bid
The board of the Maytag Corp announced on Friday that it would back a US$1.68 billion takeover offer from the Whirlpool Corp, withdrawing its earlier recommendation of a bid from a group led by the private equity firm Ripplewood Holdings. Maytag’s announcement said the deal was “reasonably capabl…
Whirlpool Submits Improved Offer to $21 Per Maytag Share
Whirlpool Corporation announced today that it has submitted a revised binding offer to acquire Maytag Corporation for $21 per Maytag share. The revised Whirlpool offer will continue to consist of 50 percent cash and 50 percent Whirlpool stock and all other material terms of the Whirlpool offer, i…
UK Whitegoods 5th National Meeting
With 47 or so days remaining to the start of our meeting time is quickly running out. We will soon publish an agenda and timetable for the meeting and will be confirming numbers regarding lunch arrangements for the Friday.
Maytag proposal well worth a spin for rival Whirlpool
Is Whirlpool serious, or just curious? After making a tentative proposal to acquire appliance-industry rival Maytag Corp., Whirlpool is now conducting an in-depth review of the target company’s non-public information. This process is known as “due diligence”–a prerequisite to closing a deal.
Fagor to equip 99 homes in Mahon with home automation
“Residencial Nou Centre” is a promotion of luxury homes occupying surface areas ranging from 60 to 142 m2 in which the Lacitur Group is committed to incorporating the most advanced technologies to make a pleasant place to live that is more environmentally friendly. The Group has therefore chosen …
Company Sued Over Washing Machine Death
The mother of a 5-year-old girl who died in a coin-operated washer sued the machine’s manufacturer, saying it started up with the child inside even though no money had been put into the machine. Rebecca Hope Wagoner was asphyxiated June 17 after the 30-pound girl became trapped inside the triple-…
Safety Alert – LG Canada 2 and 3-Door Refrigerators Update
Subsequent to news releases issued on July 15 and July 28, 2005, LG Canada continue to urge consumers who purchased an LG refrigerator to check their refrigerator model and serial numbers. In addition to the 2-door top mount models identified in the July 28, 2005 news release, certain 3-door (Fre…