Business
Maytag Corp., which is the subject of a bidding war, said Tuesday that Haier Group of China and two partners had dropped their bid for the U.S. appliance maker.
July 20, 2005
Maytag Corp. agreed Friday to a half-cash, half-stock buyout from rival Whirlpool Corp., reversing an earlier recommendation that urged shareholders to accept a New York investment group’s all-cash deal.
Aug. 13, 2005
Whirlpool Corp. moved more aggressively Wednesday to clinch the deal to buy rival Maytag Corp. by raising its offer for a third time to $1.79 billion, or $21 a share.
Aug. 11, 2005
The CEO says his company’s bid of more than $1.3 billion is the ‘best opportunity.’
July 19, 2005
Maytag Corp. said Sunday that it would consider a sweetened offer from Whirlpool Corp., reopening the bidding contest four weeks before holders were to vote on the company’s sale to a private group.
July 25, 2005
The appliance maker reaches a definitive pact to buy the rival firm for $1.7 billion.
Aug. 23, 2005
Maytag Corp. shareholders approved its acquisition by larger rival Whirlpool Corp. in a $1.68-billion transaction that would create the world’s largest appliance maker.
Dec. 23, 2005
Maytag Corp. and Chicago Pacific Corp. have agreed to a merger that would put Maytag and Hoover--household names in household appliances--under the same corporate roof.
Oct. 25, 1988
The firm increases its offer for the appliance maker to $20 a share one day before the deadline.
Aug. 9, 2005
Maytag Corp., the No. 3 U.S. appliance maker, said its board was unable to determine whether an offer to buy the company from larger rival Whirlpool Corp. is “financially superior.”
July 22, 2005