There was more depressing news from the high street today as Kesa Electricals – Europe’s third largest electrical retailing group – reported that its Comet chain is expected to make a small loss for the first half of the year. Sales for the three months to the end of April at UK-based Comet dippe…
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Maytag faces fee if deal sinks
Newton-based Maytag will pay a $40 million fee to Ripplewood Holdings if it walks away from a purchase agreement between the two companies, according to papers filed Monday with the U.S. Securities and Exchange Commission. On the New York Stock Exchange, Maytag shares rose again amid conflicting …
Maytag Shares Increase Above $14 a Share Offer Price
Maytag Corp. investor Warren Isabelle said he would probably vote against the $1.13 billion planned purchase of the company by buyout firms because the price is too low.
Maytag workers wait, wonder
Will Maytag’s new owners close the Jackson plant? Will there be layoffs? Will the status quo remain?
Whirlpool Corporation Named One of Top 20 Companies for Leaders
Whirlpool Corporation (NYSE: WHR – News) has been named to the 2005 list of Top 20 U.S. Companies for Leaders, making this the second consecutive year the company has been acknowledged for its focus on developing leaders within the company. Whirlpool ranked twelfth out of 373 U.S. organizations w…
Indesit Discusses Conversion of Melano Plant
The future of the Indesit Company Melano plant was at the heart of a meeting between company management and trade unions after the Italian appliance maker expressed concerns over the current economic downturn and spoke of the need to look to converting the plant to other lines of products.
Whirlpool Names Brian Hancock Vice President
BENTON HARBOR, Mich., May 20 — Whirlpool Corporation today announced that Brian D. Hancock has joined the company as vice president in charge of Supply Chain, North America. He will report to John C. Anderson, senior vice president, North American Operations.
llinois Court Awards Dimplex Enhanced Patent Damages
Dimplex North America Limited announced that the US District Court for the Northern District of Illinois in Chicago has ruled in its favor on several post trial motions and has entered final judgment for damages in the amount of US $12.4 million in favor of Dimplex in its patent infringement suit…
Ripplewood to buy Maytag for US$1.13bil
Maytag Corp, one of the premier brand names in America for nearly a century, but struggling recently with sagging market share and profits, said on Thursday it agreed to be acquired for US$1.13bil by investors led by private equity firm Ripplewood Holdings LLC.
Maytag to Be Acquired by Investor Group
Appliance maker Maytag Corporation announced that it has entered into a definitive agreement by which an investor group led by private equity firm Ripplewood Holdings LLC will acquire all outstanding shares of Maytag in a cash merger for U.S. $14 per share.