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Indesit Company SpA says Whirlpool Corp completes first purchase of Indesit stock

Thursday, 17 Jul 2014 03:15pm EDT 

Indesit Company SpA:Says Whirlpool Corp announces that on July 17 it has completed the purchase of 4.4 percent of Indesit Company SpA shares from Claudia Merloni, as set out by the relevant agreement entered into on July 10.Whirlpool and Fineldo SpA announced on July 10 that Whirlpool, Fineldo and members of the Merloni family (among others, 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.Says the July 17 purchase is the first part of this transaction to close.Says 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. 

Company Quote

0.02 +0.01%
24 Dec 2014