Appliances, Tools & Housewares

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Whirlpool Corp enters into agreements to acquire majority interest in Indesit Company SpA

Thursday, 10 Jul 2014 08:43pm EDT

Whirlpool Corp:Enters into binding agreement for sale of Fineldo's stake in Indesit Company SpA.Says it has entered into binding share purchase agreements with members of Merloni family for their Indesit shares.Under these agreements, Whirlpool would acquire shares representing a total of 66.8 pct. of voting stock of Indesit.Says it currently intends to finance this transaction through cash on hand, together with private, domestic and international public debt financing, depending on the timing of closing and market conditions.Acquisition is expected to close by end of 2014.In this transaction, Whirlpool simultaneously entered into share purchase agreements with Fineldo for a 42.7 pct. stake in Indesit; certain members of Merloni family for 13.2 pct. stake in Indesit and Claudia Merloni for 4.4 pct. stake in Indesit.Total of 60.4 pct. of Indesit stock capital represents a 66.8 pct. voting stake in Indesit, in light of treasury shares held by Indesit.Purchase price under all three share purchase agreements is 11.00 euros / $15.06 per Indesit share, resulting in a total expected purchase price of 758 mln euros / $1.038 bln.Under Fineldo Agreement, however, purchase price is subject to a possible pre-closing downwards or upwards adjustment based on Indesit's consolidated average net debt and net working capital.

Whirlpool Corp enters into agreements to acquire majority interest in Indesit Company SpA

Thursday, 10 Jul 2014 08:43pm EDT

Whirlpool Corp:Enters into binding agreement for sale of Fineldo's stake in Indesit Company SpA.Says it has entered into binding share purchase agreements with members of Merloni family for their Indesit shares.Under these agreements, Whirlpool would acquire shares representing a total of 66.8 pct. of voting stock of Indesit.Says it currently intends to finance this transaction through cash on hand, together with private, domestic and international public debt financing, depending on the timing of closing and market conditions.Acquisition is expected to close by end of 2014.In this transaction, Whirlpool simultaneously entered into share purchase agreements with Fineldo for a 42.7 pct. stake in Indesit; certain members of Merloni family for 13.2 pct. stake in Indesit and Claudia Merloni for 4.4 pct. stake in Indesit.Total of 60.4 pct. of Indesit stock capital represents a 66.8 pct. voting stake in Indesit, in light of treasury shares held by Indesit.Purchase price under all three share purchase agreements is 11.00 euros / $15.06 per Indesit share, resulting in a total expected purchase price of 758 mln euros / $1.038 bln.Under Fineldo Agreement, however, purchase price is subject to a possible pre-closing downwards or upwards adjustment based on Indesit's consolidated average net debt and net working capital.

DENKYOSHA CO LTD completes fully acquire Osaka-based company

Tuesday, 1 Jul 2014 04:00am EDT

DENKYOSHA CO LTD:Fully acquired 200,071 shares (a 100 pct stake) of Osaka-based company that engaged in planning manufacture and sale of consumer electronics as well as sale of woodwork business, from Shaddy Co., Ltd, on July 1.Amount is not disclosed.

Helen of Troy Ltd announces completion of acquisition of Healthy Directions

Monday, 30 Jun 2014 05:16pm EDT

Helen of Troy Ltd:Completes previously-announced acquisition of Healthy Directions, LLC and its subsidiaries (Healthy Directions), as well as other health products sold directly to consumers.Acquires for about $195 mln in cash, subject to certain customary closing adjustments.Sellers are certain funds controlled by American Securities, LLC and ACI Capital Co., LLC.

Central Garden & Pet Co confirms receipt of unsolicited letter from Harbinger Group

Monday, 23 Jun 2014 07:26pm EDT

Central Garden & Pet Co:Says that it has received an unsolicited letter from Harbinger Group Inc.requesting that the company discuss with Harbinger a possible acquisition by Harbinger of all outstanding shares of Central's common stock at $10 per share in cash or, alternatively, the acquisition of the company's Pet segment for $750 million in cash, subject to due diligence.

Harbinger Group offers to acquire Central Garden & Pet Co for $10.00 per share in cash

Monday, 23 Jun 2014 07:00am EDT

Central Garden & Pet Co:Says Harbinger Group Inc (HRG) is offering to acquire, directly or through one of its affiliates, all of CENT for $10.00 in cash per share of Common Stock, Class A common stock and class B stock, representing a 27.5 pct premium.Says over the Company's unaffected Common Stock price of $7.84 at the close of business on June 6 (the last trading day before HRG publicly released its previous letter to CENT), or alternatively to acquire CENT's Pet Segment for $750 mln in cash.HRG also indicated that it may be able to further increase the value of its current proposals if the CENT Board engages in a constructive dialogue and grants access to customary diligence materials.

Finedining Capital GmbH to launch voluntary public tender offer to shareholders of WMF AG

Wednesday, 18 Jun 2014 03:05pm EDT

WMF AG:Finedining Capital GmbH to launch voluntary public tender offer to shareholders of WMF AG.Finedining Capital GmbH to acquire preference bearer shares in WMF AG each representing pro-rata amount of the share capital of 2.56 euros per share against payment of cash consideration.Bidder intends to offer cash consideration of 53 euros per WMF preference share.

Helen of Troy Ltd to Acquire Healthy Directions

Wednesday, 11 Jun 2014 07:01am EDT

Helen of Troy Ltd:Entered into a definitive purchase agreement to acquire Healthy Directions, LLC and its subsidiaries, a US company in doctor-branded vitamins, minerals and supplements (VMS), as well as other health products.The purchase price will be about $195 million in cash.The sellers are certain funds controlled by American Securities, LLC and ACI Capital Co, LLC.

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Report Title Price
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00

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