There’s now a third offer to buy Newton-based Maytag corporation. Whirlpool this (Monday) morning’s announcing a bid to purchase Maytag for one-point-37-billion dollars in cash and stock, an offer they say is worth 17-dollars per share. Whirlpool would also assume Maytag’s debt of 969-Million dollars. Whirlpool President, Chairman and CEO Jeff Fettig says the proposal would create strong value for shareholders and provide direct benefits to consumers and trade customers. On May 19, Maytag’s board of directors agreed to be acquired by Triton Acquisition Holding Company, an entity organized by New York based investment company Ripplewood Holdings LLC. That offer, of 14-dollars a share, will be voted on August 19th by Maytag shareholders. Maytag’s also considering a preliminary one-point-28-billion-dollar bid from Bain Capital, Blackstone Group, and China’s Haier America, that’s valued at 16-dollars per share.
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