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With the original buyout bidder for Maytag Corp. on Monday pocketing a break-up fee and turning the auction for the ailing icon over to Whirlpool Corp., the focus in the three-month saga shifted to how the combination of the two appliance makers would fare. At $2.7 billion, Whirlpool's bid richly values Maytag, but the deal faces a number of challenges before -- and after -- closing. For starters, antitrust officials are likely to demand shedding some lines before signing off on the deal.
August 24, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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