Whirlpool Corp. has offered to buy fellow appliance maker Maytag Corp. for $1.37 billion in cash and stock, topping an earlier offer that Maytag had accepted from an investment group.
Whirlpool said late Sunday that its offer of $17 per share for Maytag represents a 21 percent premium over the offer from Triton Acquisition Holding Co. Whirlpool would also assume Maytag’s debt of $969 million.