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The Fisher & Paykel Appliances Holdings board members who are independent of Haier appointed Grant Samuel as independent adviser. Samuel will prepare a report on merits of a proposed offer of acquisition from Chinese appliance maker Haier. He will also oversee F&P's response to the offer.
F&P said it will respond to the offer within 14 days of the date Haier sends its offer document to shareholders.
Read the original ApplianceMagazine.com report:
Haier Makes Bid to Acquire Fisher & Paykel
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