BENTON HARBOR, Mich.,
Nov. 26, 2014 /PRNewswire/ -- Today,
Whirlpool Italia Holdings S.r.l., a wholly owned subsidiary of
Whirlpool Corporation (NYSE: WHR) announces the final results of
its mandatory tender offer for the remaining outstanding shares of
Indesit Company S.p.A. Whirlpool Italia received tenders for
91.4 percent of the total shares available for purchase in the
mandatory tender offer, increasing Whirlpool Italia's aggregate
ownership interest in Indesit's issued share capital to 97.4
percent.
The company expects settlement and closing of the mandatory
tender offer to occur on Nov. 28, 2014. The company then
expects to acquire the remaining shares of Indesit and for Indesit
to delist from the Italian stock exchange on Dec. 3, 2014.
As previously announced, Whirlpool Italia completed its
acquisition of a majority interest in Indesit on October 14, 2014.
About Whirlpool Corporation
Whirlpool Corporation is
the world's leading global manufacturer and marketer of major home
appliances, with annual revenues 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 to
consumers in nearly every country around the world. Additional
information about the company can be found at
http://www.whirlpoolcorp.com.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements in this Press Release relating
to the Company's expectations following the acquisition of the
Indesit shares 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
factors discussed under "Risk Factors" set forth in Whirlpool's
periodic reports filed with the U.S. Securities and Exchange
Commission.
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SOURCE Whirlpool Corporation