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Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:51 EDTWHRWhirlpool says Italian Court of Ancona approves Indesit share repurchase
Whirlpool announces that the Italian Court of Ancona issued the authorization relating to the sale of certain Indesit Company S.p.A. shares to Whirlpool. On July 10, Whirlpool, Fineldo S.p.A. and members of the Merloni family entered into binding agreements for Whirlpool's acquisition of Indesit shares subject to court and antitrust approval and other customary conditions. The acquisition, together with the July 17 acquisition of Claudia Merloni's shares, will provide Whirlpool with a 66.8% voting stake in Indesit. Closing on these agreements remains subject to antitrust approvals and is expected to take place by the end of 2014.
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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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