Whirlpool Corp (WHR) has released an update.
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Whirlpool Corporation is set to own a 25% stake in a new company formed with Arçelik, as part of a strategic contribution agreement combining their European appliance businesses. The deal has cleared most regulatory hurdles, with provisional approval from the UK’s Competition and Markets Authority, and a final decision is expected by March 26, 2024. Whirlpool anticipates the transaction to close by April 2024, though the company cautions that forward-looking statements involve risks and actual results may vary.
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For a comprehensive understanding of the announcement, you can read the full document here.
