February 13, 2006
Whirlpool Corp Acquisition of Maytag In Trouble?
The Justice Department, following a lurching course of challenging mergers in the consumer products industry, has decided to challenge the Maytag acquisition by Whirlpool. The Justice Department has been sensitive to criticism by consumer groups that it has bee too lenient in approving consumer product mergers (SBC/ATT and Verizon/MCI). An LBO group (Ripplewood Holdings) eager to buy Maytag waits in the wings.
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