Appliance makers Whirlpool Corporation and Maytag Corporation announced that both companies have certified substantial compliance with the Antitrust Division of the U.S. Department of Justice in response to the request for additional information regarding their proposed merger.
In order to facilitate the Antitrust Division's review, Whirlpool and Maytag have agreed not to close the proposed merger before Feb. 27, 2006, without the Antitrust Division's concurrence, although the Antitrust Division may request additional time for review.
Whirlpool and Maytag continue to expect the transaction to close as early as the first quarter of 2006, following approval from Maytag stockholders and regulatory clearance.
As previously announced, Maytag's special stockholder meeting to consider the merger is scheduled for Dec. 22, 2005, at 10:30 a.m. CT in Newton, Iowa, U.S. The Securities and Exchange Commission has declared effective Whirlpool's registration statement covering the share portion of the consideration to be issued to Maytag's stockholders upon completion of the proposed merger.
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