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11 Jul
Whirlpool (WHR.N), the world's largest maker of home appliances, has agreed to pay 758 million euros (602.67 million pounds) to buy a 60 percent stake in smaller Italian rival Indesit (IND.MI) to further expand beyond its U.S. home market. The acquisition of Indesit, which is a market leader in Italy, the United Kingdom and Russia, follows Whirlpool's purchase of a majority stake in China's ...
11 Jul
* Whirlpool offers 11 euros a share to buy 60.4 pct stake * Will launch takeover bid for rest of Indesit * Whirlpool keen to expand in Europe * Indesit family had clashed over strategy-sources (Adds context, shares, analysts)
11 Jul
NEW YORK (The Deal) -- Appliances maker Whirlpool late on Thursday said it would buy a 60.4% stake in Italian peer Indesit Co. SpA from conglomerate Fineldo SpA and the Merloni family for 758 million euros ($1.03 billion). The stake represents 66.8% of the voting rights, given that some Indesit shares are treasury stock. Whirlpool expects to pay 11 euros per share, and to follow the purchase up ...
11 Jul
Whirlpool will pay more than $US1 billion ($A1.08 billion) for a controlling stake in Indesit, the appliance maker's counterpart in Italy. The deal announced on Friday will put the US company in possession of shares representing 66.8 per cent of Indesit's voting stock. Whirlpool, which also owns Maytag, KitchenAid and other brands, will pay $US15.06 per Indesit share. "We believe this will ...
11 Jul
BENTON HARBOR, Mich. - Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.
11 Jul
BENTON HARBOR, Mich. (AP) — Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.
11 Jul
Bloomberg News - Benton Harbor-based Whirlpool Corp. agreed to pay 758 million euros ($1 billion) for a controlling stake in Italian appliance maker Indesit Co., its largest acquisition since buying former rival Maytag Corp. eight years ago. Whirlpool will pay 11 euros per share to Fineldo SpA and some members of Indesit’s founding Merloni family for a combined 60 percent stake, the two ...
11 Jul
Bloomberg News - Benton Harbor-based Whirlpool Corp. agreed to pay 758 million euros ($1 billion) for a controlling stake in Italian appliance maker Indesit Co., its largest acquisition since buying former rival Maytag Corp. eight years ago. Whirlpool will pay 11 euros per share to Fineldo SpA and some members of Indesit’s founding Merloni family for a combined 60 percent stake, the two ...
11 Jul
(Reuters) - Whirlpool Corp, the world's largest maker of home appliances, said it will buy 66.8 percent of voting stock of Italian white goods maker Indesit Company SpA for about 758 million euros ($1.03 billion/£601.48 million) to spur its growth in Europe.
11 Jul
Whirlpool Corp. (WHR) agreed to pay 758 million euros ($1 billion) for a controlling stake in Italian appliance maker Indesit Co. (IND) , its largest acquisition since buying former rival Maytag Corp. eight years ago.
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