Overall, (Maytag's) competitive position right now is pretty weak.
The $20 bid was a little bit of a surprise. It reflects a high level of conviction in synergies and sends a pre-emptive signal to other bidders.
The market is certainly more confident in the Whirlpool bid.
Whirlpool has to put pressure on the Maytag board to focus on the superior value of its bid.
From the execution standpoint, he [Ward] unfortunately was having trouble, and the board simply lost patience with a few misses.
The market is speculating that the deal will take longer to close and will have more of a problem clearing FTC approval than Whirlpool is intimating.
I think Whirlpool will clear the (Federal Trade Commission).
I think you'll probably see them move quickly on those things.
Copyright © 2024 Electric Goat Media. All Rights Reserved.