Category: Whirlpool

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.

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.

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…

Whirlpool must submit a firm offer to buy Maytag no later than noon next Tuesday, according to an agreement between the two companies outlined in documents filed Tuesday with the Securities and Exchange Commission.

Appliance maker Whirlpool Corporation announced that it has entered into a mutual confidentiality agreement with Maytag Corporation.

A discrimination lawsuit filed in Nashville by 15 black employees of the Whirlpool Corporation plant in La Vergne claims the company fostered a racially hostile environment, reports AP.

Whirlpool’s top executive fired the first salvo in a possible three-way bidding war for rival Maytag, saying Monday his company’s $1.37 billion offer provides the “best opportunity to address Maytag’s needs.” Jeff M. Fettig, chairman, president and chief executive of the nation’s largest applianc…

Whirlpool, the largest US white-goods maker, raised its offer for Maytag to $1.44bn, or $18 a share, over the weekend in an attempt to put pressure on the manufacturer of the Hoover vacuum cleaner to begin talks. Whirlpool which is attempting to break up an agreed deal for Maytag by Ripplewood, t…

It would appear that there are many conflicting reports within the industry on what exactly is happening in respect to Whirlpool buying Maytag in a proposed merger. However I can confirm that Whirlpool have not (yet) bought Maytag and whether this is even possible is open to debate.

There are so many moral outrages being perpetrated today against the American people by the wealthy and the corporations — and the government they control — that it’s impossible to keep track of them all. But we at the People’s Tribune want to call the attention of our readers to a particularly…