Whirlpool Urges Maytag Board to Act on Proposal Jul 22, 2005

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Whirlpool Corporation said that it is disappointed that Maytag's board on July 21 was unable to reach a satisfactory conclusion with regard to its proposal to acquire the appliance company.

"Our proposal clearly provides superior value to Maytag's shareholders, and we are confident it will receive regulatory approval," Whirlpool said in a statement.

"We have offered to present our case to the Maytag board and its advisors, and we urge them to act immediately so that we may begin the due diligence process and discussions to reach a definitive agreement," it said. "We are evaluating all of our various options, and are prepared to pursue them in an expeditious manner."

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