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

Haier Undecided on Maytag Bid as Deadline Looms
Jun 17, 2005
 Printable format
 Email this Article
 Search

Haier Group, China's largest home appliance maker, said it was still undecided about making a bid for Maytag Corp. as the deadline to lodge an offer loomed.

Haier, keen to emulate the success of rivals such as South Korean appliance maker LG Electronics, told Reuters it continued to monitor event,s but declined to say if it would submit a bid.

"We are paying great attention to events concerning the acquisition of Maytag, but have so far made no decisions yet," Haier said in a statement.

Last month, Ripplewood led a group of investors, including RHJ International, GS Capital Partners, and the J. Rothschild Group of Companies, that agreed to take over the U.S. company for $1.13 billion, or $14 per share.

Ripplewood's offer also includes the assumption of $975 million of debt.

Maytag has until June 18 to actively solicit bids from other parties, according to a regulatory filing. After that date, the company can still entertain offers from other interested parties. Ripplewood has a $40-million break up fee, according to filings. (Reuters)

Back to Daily News

 

Daily News

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

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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