Whirlpool Corp., the largest U.S. appliance maker, is offering $1.35 billion in cash and stock for Maytag Corp., topping bids from two other groups for the No. 3 U.S. appliance manufacturer, reported Bloomberg.
Whirlpool's $17 a share bid beats the $16 bid from China's Haier Group and the $14 a share offer from a consortium led by buyout firm Ripplewood Holdings LLC.
Though the final decision will be made a month later, Morgan Keegan Inc. analyst Laura Champine said it will be a problem of antitrust, but "From a political standpoint, it's certainly a more favorable option if you're a politician than combining with a Chinese manufacturer."
Oh, really? Why Chinese manufacturers always welcome the offer from outside, but in reverse, things are so hard?