• 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 / Reactions continue to Maytag sale approval

Reactions continue to Maytag sale approval

March 30, 2006 By admin

Politicians are weighing in on the Justice Department’s ruling which clears the way of Whirlpool’s purchase of Maytag. Senator Tom Harkin, who had opposed the merger, issued a statement expressing his “disappointment” with the Justice Department decision. Harkin said he’d do whatever he could to try to “protect” Maytag jobs. Iowa’s Governor did not issue a statement, nor did the state’s economic development department.

Newton’s Mayor saw one positive: state and local officials now know just who they’ll be working with to try and keep jobs in Newton. Newton Mayor Chaz Allen says things will “move into high gear” now and Whirlpool will be presented with a series of incentives from both the state and the city.

Maytag shareholders benefited immediately from the announcement. The price of Maytag stock jumped 28 percent yesterday. The chairman of Whirlpool told the Reuters news agency yesterday that there had been a number of issues the two companies had not been able to discuss before the Justice Department go-ahead, including any possible plant closures. Whirlpool plans to close on the Maytag deal by April 3rd.

Share this:

  • Facebook
  • Twitter

Filed Under: Business, Outdoors Tagged With: Democratic Party, Employment and Labor, Tom Harkin

Featured Stories

Jury returns guilty verdict in shooting death of State Trooper

Summit has easements for 20% of carbon pipeline route through Iowa

Morel mushroom hunters on hold without warmer conditions

Trinity Health aquiring all MercyOne health properties

Field of Dreams site developer wants to bid on state baseball, softball tournaments

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 5/16/22

Iowa assistant coach Kirk Speraw to retire

Northern Iowa prepares for Missouri Valley Conference softball tournament

T.J. Otzelberger announces staff changes at Iowa State

Iowa State adds transfer guard

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC