- Sep 26, 2000
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http://news.yahoo.com/s/ap/20060331/ap_on_bi_ge/whirlpool_maytag
Whirlpool Completes Acquisition of Maytag
Whirlpool Corp. completed its acquisition of Maytag Corp. on Friday and said it will immediately begin integrating the two appliance companies.
Maytag stockholders will get about $848 million in cash and about 9.6 million shares of Whirlpool common stock, under the previously signed agreement, which was approved by Maytag shareholders in December.
Maytag, founded in Newton, Iowa, in 1893, officially ceased to exist as a stand-alone company and became a wholly-owned subsidiary of Whirlpool, although the Maytag nameplate will continue to be sold as a Whirlpool brand.
Whirlpool Completes Acquisition of Maytag
Whirlpool Corp. completed its acquisition of Maytag Corp. on Friday and said it will immediately begin integrating the two appliance companies.
Maytag stockholders will get about $848 million in cash and about 9.6 million shares of Whirlpool common stock, under the previously signed agreement, which was approved by Maytag shareholders in December.
Maytag, founded in Newton, Iowa, in 1893, officially ceased to exist as a stand-alone company and became a wholly-owned subsidiary of Whirlpool, although the Maytag nameplate will continue to be sold as a Whirlpool brand.
