Whirlpool to bid $1.35 billion for Maytag

August 2005
American Drycleaner (Crain Communications Inc. (MI));Aug2005, Vol. 72 Issue 5, p6
Trade Publication
The article informs that Whirlpool Corp. (Whirlpool) is planning to buy out Maytag Corp. (Maytag) for 1.35 billion dollars. Maytag is a manufacturer of laundry equipment and consumer appliances. Whirlpool will make a formal offer by August 9, 2005, pending a study of Maytag's finances. Sales growth for Maytag has been sluggish, totaling less than 1% in 2005. A Whirlpool buyout of Maytag would likely be subject to antitrust scrutiny. If successful, the combined company would control more than 50 percent of the laundry market in the U.S.


Related Articles

  • NEWSMAKERS.  // American Coin-Op (Crain Communications Inc. (MI));Aug2005, Vol. 46 Issue 8, p40 

    The article presents news related to the coin laundry industry in the U.S. as of August 2005. Whirlpool Corp. has made an offer to buy Maytag Corp., making it one of two groups interested in purchasing the company. Haier Group Co., along with its partners Bain Capital LLC and Blackstone Group...

  • NEWSMAKERS.  // American Coin-Op (Crain Communications Inc. (MI));May2006, Vol. 47 Issue 5, p39 

    The article presents new briefs from the laundry industry. Whirlpool Corp. completed its buyout of Maytag Corp. March 31, just two days after receiving clearance from antitrust regulators. The acquisition was approved without any required divestitures despite concerns that creating the world's...

  • EXPANSION IS ON THE WAY. Partyka, Paul // American Coin-Op (Crain Communications Inc. (MI));Dec2006, Vol. 47 Issue 12, p20 

    The article focuses on the views of Craig Kirchner, global commercial laundry director of commercial laundry brands at Whirlpool Corp. on the company's business plans and offerings. Kirchner says that Whirlpool's acquisition of Maytag Corp. will add to the company's market value. Commenting on...

  • Whirlpool Reveals Maytag Plans.  // Appliance Design;Jul2006, Vol. 54 Issue 7, p12 

    The article discusses the plans of Whirlpool Corp. for integrating Maytag Corp. in Benton Harbor, Michigan. Approximately 4,500 positions will be eliminated at Maytag locations while 1,500 new positions will be created at other Whirlpool locations as a result of the expected changes. The initial...

  • NEWSMAKERS.  // American Coin-Op (Crain Communications Inc. (MI));Jul2006, Vol. 47 Issue 7, p32 

    The article presents information related to the laundry industry. Standard Change-Makers Inc.'s founder James R. McNutt has passed away following a battle with cancer. Standard Change-Makers introduced electromechanical coin hoppers and separating hill stackers. Merger of Whirlpool Corp.'s and...

  • NEWS MAKERS.  // American Coin-Op (Crain Communications Inc. (MI));Sep2005, Vol. 46 Issue 9, p40 

    This article presents news briefs related to the laundry industry. Maytag Corp. has accepted a buyout offer from rival Whirlpool Corp. in a deal that will create the world's largest appliance manufacturer. HK Laundry Equipment Inc. has released its fall 2005 service school schedule. The 20th...

  • Whirlpool poised to buy Maytag in merger deal worth $2.7 billion.  // American Laundry News (Crain Communications Inc. (MI));Sep2005, Vol. 31 Issue 9, p1 

    The article reports on the definitive agreement signed by Whirlpool Corp. and Maytag Corp. under which Whirlpool will acquire its smaller rival in cash, stock and debt in the U.S. in 2005. Whirlpool will acquire all outstanding shares of Maytag in the cash and stock merger. Half of the per-share...

  • Maytag Boosts Whirlpool's Q3 Sales. Wolf, Alan // TWICE: This Week in Consumer Electronics;11/20/2006, Vol. 21 Issue 25, p90 

    This article reports in the increase in the third quarter sales and earnings of Whirlpool of Benton Harbor, Michigan due to its acquisition of Maytag and the strong demand for its products. The company's sales has increased at 35 percent to $4.8 billion. While its net earnings for continuing...

  • Whirlpool Moves Swiftly To Integrate Maytag. Wolf, Alan // TWICE: This Week in Consumer Electronics;5/8/2006, Vol. 21 Issue 10, p1 

    The article reports on the first public appearance of Whirlpool and Maytag as partners in the Kitchen/Bath Industry Show at McCormick Place in Chicago, Illinois in April 2006. The value of the merger between the two companies is cited. The coordination of the joint presentations of the companies...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics