Reported 12 months ago
Whirlpool's stock rose by 17% following news that Bosch may be interested in acquiring the company to strengthen its household appliances business, BSH Hausgerate. The potential deal makes sense for both parties, as it would provide Bosch with scale in the North American market and significant synergies, while easing competition concerns for Whirlpool. With challenging market conditions ahead, Whirlpool's management may find it beneficial for the company to be under the umbrella of a larger company like Bosch with the financial strength to navigate difficult times.
Source: YAHOO