BENTON HARBOR, Mich. and
MILAN, July
17, 2014 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR)
announces that today it has completed the purchase of 4.4 percent
of Indesit Company S.p.A. (BIT: IND) shares from Mrs. Claudia Merloni, as set out by the relevant
agreement entered into on July 10,
2014. Whirlpool and Fineldo S.p.A. announced on July 10, 2014 that Whirlpool, Fineldo S.p.A. and
members of the Merloni family (among others, Mrs. Claudia Merloni) entered into binding agreements
for the acquisition by Whirlpool of shares representing a total of
66.8 percent of the voting stock of Indesit. Today's purchase is
the first part of this transaction to close. The acquisition of the
remaining shares, representing a majority stake of Indesit, is
subject to judicial and antitrust approvals and is expected to
close by the end of 2014 as indicated in the press release issued
on July 10.
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.
SOURCE Whirlpool Corporation