Whirlpool announced late on Friday that, after full and careful consideration, it does not into to make an offer. Given how low Middleby’s offer is, and given we saw scope for Whirlpool to enhance its ‘hot’ portfolio by adding the heritage brands Aga and Rangemaster, this news is disappointing and surprising. Barring a spectacularly late intervention by another 3rd party through the course of today, investors are now stuck with the 185p offer from Middleby and the share price will open at, or cl ....
14 Sep 2015
Whirlpool walks away, leaving investors with existing 185p low-ball offer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Whirlpool walks away, leaving investors with existing 185p low-ball offer
Middleby Corporation (0K1G:LON) | 0 0 0.0%
- Published:
14 Sep 2015 -
Author:
Matthew McEachran -
Pages:
3
Whirlpool announced late on Friday that, after full and careful consideration, it does not into to make an offer. Given how low Middleby’s offer is, and given we saw scope for Whirlpool to enhance its ‘hot’ portfolio by adding the heritage brands Aga and Rangemaster, this news is disappointing and surprising. Barring a spectacularly late intervention by another 3rd party through the course of today, investors are now stuck with the 185p offer from Middleby and the share price will open at, or cl ....