BENTON HARBOR, Mich.,
Aug. 1, 2014 /PRNewswire/ -- Whirlpool Corporation (NYSE:
WHR) announces that today the Italian Court
of Ancona issued the authorization relating to the sale
of certain Indesit Company S.p.A. (BIT: IND) shares to Whirlpool.
On July 10, 2014, 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 Ms. Claudia
Merloni's shares, will provide Whirlpool with a 66.8 percent
voting stake in Indesit. Closing on these agreements remains
subject to antitrust approvals and is expected to take place by the
end of 2014.
About Whirlpool Corporation
Whirlpool Corporation is the world's leading global manufacturer
and marketer of major home appliances, with annual sales of
approximately $19 billion in 2013,
69,000 employees and 59 manufacturing and technology research
centers around the world. The company markets Whirlpool, Maytag,
KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and
other major brand names. Additional information about the company
can be found at http://www.whirlpoolcorp.com.
Whirlpool Additional Information
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements in this press release relating to the
acquisition of the shares in Indesit pursuant to the share purchase
agreements constitute "forward-looking statements" within the
meaning of the U.S. federal securities laws. These statements
reflect management's current expectations regarding future events
and speak only as of the date of this press release.
Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future
performance and will not necessarily be accurate indications of
whether or not, or the times at or by which, events will occur.
Actual performance may differ materially from that expressed or
implied in such statements. These statements rely on assumptions
which may or may not be realized. Reference should be made to the
information set forth under the heading "Cautionary Statements
Regarding Forward-Looking Statements" as set forth in Whirlpool's
Current Report on Form 8-K dated July 10,
2014 and filed with the U.S. Securities and Exchange
Commission.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which, or to any persons to whom, such offering, solicitation or
sale would be unlawful.
Logo -
http://photos.prnewswire.com/prnh/20040202/DETU004LOGO
SOURCE Whirlpool Corporation