Bosch weighing offer for Whirlpool - report.


German engineering group Robert Bosch is reportedly considering a bid for US appliance maker Whirlpool.

Whirlpool Corporation

Source: Sharecast

Reuters cited sources as saying that Bosch has been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalisation of about $4.8bn.

The sources said it was not certain that an offer would be made.

A Bosch spokesperson told Reuters the company does not comment on "market rumours", while officials at Whirlpool were not immediately available for comment.

At 1305 BST, Whirlpool shares were up 18% at $103.40 in pre-market trade.


ISIN: US9633201069
Exchange: New York Stock Exchange
Sell:
$ 76.01
Buy:
$ 77.15
Change: -0.48 ( -0.62 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.