New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 21, 2014
07:50 EDTWHR, ELUXMajor appliance demand decelerating, says Longbowx
Longbow's North American industry checks indicate major applicance demand had declerated form June/July promotional peaks, indicating a rapid deceleration in the Core 6 category. The firm said the Core 6 categoreis are trending into negative territory following strong July 4th sales event volumes and is hearing laundry sales are particularly weak, and may be by as much as negative double digits. The analyst notes Whirlpool (WHR) is leveraged to laundry sales and, to a lesser extent, AB Electrolux (ELUX).
News For WHR;ELUX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 22, 2014
10:01 EDTWHRWhirlpool names Michael Todman, Marc Bitzer as vice chairmen
Subscribe for More Information
October 14, 2014
12:35 EDTWHRWhirlpool completes purchase of majority interest in Indesit
Whirlpool Corporation's wholly owned subsidiary, Whirlpool Italia Holdings S.r.l., acquired a 56% stake in Indesit Company S.p.A., representing 61.9% of the voting stock of Indesit. Whirlpool acquired the shares under two share purchase agreements entered into on July 10 with Fineldo S.p.A. and members of the Merloni family. The acquisitions bring Whirlpool's stake in Indesit to 60.4%, representing 66.8% of the voting stock. Whirlpool Italia Holdings S.r.l. will now commence the steps to launch a mandatory tender offer for the remainder of Indesit's outstanding shares, with the intention to delist the company. The tender offer purchase price per share is equal to EUR 11.00/$13.89, based on exchange rates as of September 30. This price is equal to the share purchase price agreed to by the parties under the share purchase agreements and which was paid without adjustment. Additional information will be provided in the tender offer statement to be issued by Whirlpool Italia Holdings S.r.l. in compliance with Italian law.
October 13, 2014
12:16 EDTWHREuropean Commission approves Whirlpool acquisition of Indesit
Subscribe for More Information
10:08 EDTWHROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:47 EDTWHRWhirlpool upgraded to Buy from Neutral at Longbow
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use