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Stock Market & Financial Investment News

News Breaks
May 12, 2014
09:58 EDTWHRWhirlpool to reaffirm FY14 guidance at conference
Whirlpool announced it will be presenting at the 7th Annual J.P. Morgan Homebuilding & Building Products Conference on Wednesday, May 14 at 11:00 a.m. ET and that the company will be reaffirming its full-year 2014 guidance during the presentation. In April, the company guided to FY14 adjusted EPS $12.00-$12.50. Consensus for FY14 Whirlpool EPS and revenue are $12.35 and $19.52B, respectively.
News For WHR From The Last 14 Days
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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
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10:08 EDTWHROn The Fly: Analyst Upgrade Summary
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06:47 EDTWHRWhirlpool upgraded to Buy from Neutral at Longbow
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October 10, 2014
06:49 EDTWHRWhirlpool risks from Sears exposure overstated, says BofA/Merrill
BofA/Merrill said Whirlpool (WHR) concerns from Sears (SHLD) exposure are overdone and notes total revenues from Sears are approximately 9% of North American revenues. Shares are Buy rated.

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