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Stock Market & Financial Investment News

News Breaks
August 21, 2014
07:50 EDTELUX, WHRMajor 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
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September 1, 2015
06:03 EDTWHRWhirlpool confirms approach regarding possible offer for AGA
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06:02 EDTWHRAGA Rangemaster says receives approach for possible offer from Whirlpool
AGA Rangemaster announces that it has received an approach regarding a possible cash offer for the company from Whirlpool Corporation. The announcement of a firm offer by Whirlpool is subject to the satisfaction or waiver of a number of conditions including due diligence. In accordance with its obligations under the UK Takeover Code, the company has granted due diligence access to Whirlpool and is in discussions with Whirlpool regarding other aspects of the Possible Offer. Given the conditionality of the Whirlpool offer, the Board of AGA believes it is in the best interests of AGA Shareholders, taken as a whole, to ensure that the Middleby Transaction continues to be executed on the current timetable to avoid any delay to completion of that transaction should a firm offer from Whirlpool not be forthcoming. Accordingly, the Board of AGA continues to recommend the offer made by Middleby to AGA Shareholders.
05:57 EDTWHRWhirlpool volatility at upper end of range
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