Whirlpool Corporation confirmed that the final exchange ratio for the stock portion of the merger consideration payable to former stockholders of Maytag Corporation is 0.1196 per Maytag share.
On March 31, 2006 Whirlpool completed its acquisition of Maytag and began the integration process with Whirlpool management leading the combined company, which is headquartered in Benton Harbor, Michigan, U.S.
Whirlpool said it plans to release its first quarter earnings on April 25, 2006 and provide more detailed information about its Maytag plans in approximately 60 days.
The aggregate transaction value, including approximately $0.9 billion of Maytag debt, is $2.6 billion.
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