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Whirlpool Offers to Buy Maytag

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.


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