Category: Maytag

Will Maytag’s new owners close the Jackson plant? Will there be layoffs? Will the status quo remain?

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.

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.

Maytag Corporation’s (NYSE: MYG) family of brands showcases new products to make everyday tasks easier throughout the home at the 2005 Kitchen/Bath Industry Show and Conference, May 10-12, at the Las Vegas Convention Center. From the industry’s largest capacity washer to the first three-in-one cl…

Maytag executives have been meeting today with the Congressman who represents Newton as well as state economic development officials. Governor Tom Vilsack says the state could offer to help re-train Maytag workers on new manufacturing techniques.”Perhaps the state can provide resources to provide…

Shares of Maytag Corp. (MYG.N: Quote, Profile, Research) , which touched a 14-year-low on Friday after it reported lower quarterly profit and slashed its outlook, fell another 5 percent on Monday as some analysts raised more doubts about the appliance maker’s long-term prospects. “We believe it m…

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. (To access color photos of the following recalled pro…

Maytag Corp. (MYG.N: Quote, Profile, Research) shares rose more than 7 percent on Wednesday after a Prudential analyst said the appliance maker could get a loan that it could use to close plants or restructure debt. In a research note, analyst Nicholas Heymann said more than 20 percent of Maytag’…

Maytag Corp. stockholders were growing edgy after watching share prices drop to their lowest level in at least a decade. “Of course we’re not happy with the price of the stock,” said Nick Rossi, who owns a hardware store in Northern California and owns 800 shares of Maytag stock. “I’m unhappy wit…

Here’s something for the Maytag repairman to fix: his company. Maytag Corp. lost money last year, and has flat sales and declining market share. Some investors think the dividend is under threat, while the company’s shares are near a 10-year low. And, if all that wasn’t problem enough, major reta…