Ripplewood Says It May Pull Offer for Maytag
From Bloomberg News
Ripplewood Holdings said it might abandon its $1.13-billion offer for Maytag Corp. unless the appliance maker quickly resolved talks with rival bidders.
Maytag, based in Newton, Iowa, is in talks with China’s Haier Group and two buyout firms, which bid $1.28 billion.
New York-based Ripplewood asked Maytag to accept its offer and said it might collect a $40-million termination fee, Maytag said.
