July 19, 2005
China, Manufacturing and Anti-Trust
Yesterday the Wall Street Journal, among other sources, reported that Whirlpool has made a $17 per share offer to purchase Maytag. On the face of it, Whirlpool's offer is $1 per share higher than that of a consortium of Chinese appliance maker Haier, Bain Capital and Blackstone. This deal, along with the Unocal deal, represent two Chinese forays into non-friendly deals in the U.S. (compared to the IBM/Legato deal). As the Journal article suggests, at the fringes, is the possibility that government concerns over Chinese acquisition of American companies may alter anti-trust policy in the U.S. That is, absent a Chinese offer on the table, would the DOJ assess a Whilrpool/Maytag deal more rigorously?
July 19, 2005 | Permalink
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