White Consolidated received a takeover offer.

Sweden's AB Electrolux offered $711 million to acquire White Consolidated Industries, a leading manufacturer of home appliances. The offer will presumably be discussed at a board meeting that had previously been scheduled for today, a spokesman for White said. The total price of the all-cash, $45-a-share deal would increase to about $725 million if options outstanding for White stock were to be exercised, an Electrolux spokesman said.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
62°