• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Maytag won’t open books for rival suitor

Maytag won’t open books for rival suitor

July 22, 2005 By admin

Maytag’s board of directors will not open up the books for competitor Whirlpool — at least just yet. Whirlpool’s made a preliminary offer to buy Maytag for 17-dollars a share, pending a review of Maytag’s operations and finances. But after a board of directors meeting yesterday (Thursday), Maytag’s board announced it couldn’t determine that Whirlpool’s proposed buyout would be “financial superior” and could reasonably be completed. The board claims that determination must be made before it can provide information to Whirlpool and enter negotiations. The requirement’s part part of an existing agreement with an investment group led by Ripplewood Holdings. Maytag’s board of directors is still recommending shareholders approve Ripplewood’s 14-dollar-a-share offer, which they’ll vote on August 19th. The board does say it’ll continue to evaluate Whirlpool’s offer.

Share this:

  • Facebook
  • Twitter

Filed Under: Business

Featured Stories

All bodies of missing now recovered from rubble of collapsed Davenport building

Governor signs child care expansion into law

Iowa seniors have until July 1 to apply for new property tax break

Smoke from distant fires creates colorful sunrise in Iowa

DOT’s Motor Vehicle Enforcement Division to merge into State Patrol

TwitterFacebook
Tweets by RadioIowa

What may be rare Michael Jordan trading card found in unclaimed deposit box

Hawkeye women to play Virginia Tech

Radio Iowa/Baseball Coaches Association High School Poll 6/5/23

Iowa eliminated at NCAA regional

Iowa names Beth Goetz interim AD

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC