Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fisher & Paykel Directors Now Recommend Accepting Haier Buyout Offer
Oct 23, 2012
 Printable format
 Email this Article
 Search

The acquisition of Fisher & Paykel by Haier now appears extremely likely, after Haier increased its offer to buyout F&P and independent directors recommend that shareholders accept the offer.

Fisher & Paykel Appliances Holdings is a highly innovative, New Zealand-based appliance maker that is already licensing some motor technology to Haier, the biggest appliance maker in China.

Haier, which already owns a portion of F&P, originally offered $1.20 (New Zealand dollars) per share to takeover F&P, which prompted a "do not accept" recommendation from the independent directors.

Haier then raised its offer to $1.28 per share. Following the increase, the independent directors unanimously recommended that shareholders accept the offer.

The independent directors are Dr. Keith Turner, Philip Lough, Ms. Lynley Marshall, Bill Roest. The independent directors do not include Haier board members.

The independent members said the new offer represents a fair value for F&P shares. No alternative buyout offers were received.

Back to Daily News

 

Daily News

...........................................................

Oct 6, 2014: User-installable burner launched to protect against cooking fires

Oct 3, 2014: Big August increase for new home sales

Oct 3, 2014: DOE rejects AHRI petition over walk-ins standard

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: LG gas dryers first to get 2015 Energy Star certification

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows