Category: Maytag

Shares of Maytag Corp. fell nearly 3 percent on Tuesday after the No. 3 U.S. appliance maker said third-quarter and full-year profit would come in significantly below expectations. Maytag, which has agreed to be acquired by larger rival Whirlpool Corp. for about $1.7 billion, blamed higher fuel a…

Standard & Poor’s Ratings Services said Friday that the ratings on Michigan home appliance manufacturer Whirlpool Corp. remain on CreditWatch with negative implications. Benton Harbor, Mich.-based Whirlpool’s ratings were placed on CreditWatch on July 18, following the company’s announcement …

Ripplewood Holdings LLC, the private equity firm that recently lost a bid for Maytag Corp., said in a letter to Maytag’s board that if circumstances change, the firm is still interested in the company. The letter, signed by Ripplewood Chief Executive Timothy Collins, appeared on Thursday in a ful…

Maytag said Wednesday it has postponed a meeting of shareholders from Aug. 30 to Sept. 9, to permit the company additional time to distribute proxy information.

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…

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.

Whirlpool Corp.’s US$17-per-share offer for rival Maytag Corp. appears to have foiled an attempt by Haier America and its investing partners to acquire the Iowa-based appliance maker, analysts said Wednesday.

Maytag Corporation (NYSE: MYG) announced today that its Board of Directors has determined that Whirlpool Corporation’s revised proposal, announced on July 22, may reasonably be expected to lead to a transaction that is financially superior to Maytag’s pending transaction with the Ripplewood-led T…

Appliance maker Maytag Corp.Friday reported lower-than-expected second-quarter profit that missed estimates, as sales gains were offset by higher steel and energy costs.

Maytag said on Monday it would “consider” an unsolicited approach from Whirlpool worth about $1.4bn, as shares in the US appliance maker now at the centre of a three-way takeover battle soared more than 11 per cent. For now, Maytag said it would continue to stick with a deal agreed in May to be b…