Appliance maker Maytag Corporation announced that it has scheduled a special meeting of stockholders for Aug. 19, 2005, to consider and vote on the adoption of the merger agreement with Triton Acquisition Holding Co.
As previously announced on May 19, 2005, Maytag and Triton Acquisition Holding Co., an entity organized by an investor group led by Ripplewood Holdings L.L.C., have entered into a merger agreement pursuant to which Maytag would become a subsidiary of Triton Acquisition Holding Co. Under the agreement, Maytag stockholders would receive U.S. $14.00 in cash for each of their shares of Maytag common stock.
Stockholders of record of Maytag as of July 20, 2005, will be entitled to vote on the transaction. Maytag said it plans to mail definitive proxy material to its stockholders on or about July 20, 2005.
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