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

Whirlpool to Review Proposed Changes in Maytag's Operations
Feb 3, 2006
 Printable format
 Email this Article
 Search

Whirlpool Corporation announced it has acknowledged the announcement by Maytag Corporation that it expects to evaluate alternative strategies for its floor-care products line and commercial businesses, including their possible sale.

"Under the framework of the merger agreement, we have the right to approve the sale of significant assets by Maytag, including these businesses," said Jeff M. Fettig, Whirlpool's chairman and CEO.

Whirlpool said it looks forward to reviewing any proposals Maytag may present, within the framework of its merger agreement. The company has no additional comment at this time.

On Dec. 22, 2005, Maytag shareholders approved the proposed merger with Whirlpool. Completion of the proposed merger remains subject to regulatory clearance.

In order to facilitate the Antitrust Division of the Department of Justice 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 say they are working closely with the Department of Justice, and continue to cooperate fully with its investigation and respond promptly to its inquiries.

Back to Daily News

 

Daily News

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

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows