Reported 12 months ago
Reports indicate that German company Bosch is considering acquiring American home appliance manufacturer Whirlpool, leading to a 17.1% surge in Whirlpool's stock. Speculation suggests potential revitalization of Bosch's appliance business amidst intense competition. Whirlpool, facing challenges from a sluggish consumer environment, has seen a significant market cap decline and recently announced layoffs. This potential acquisition would be one of Bosch's largest disclosed deals to date, following previous plans for expansion in the home appliance sector.
Source: YAHOO