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The Times of India

Business

TOI Business Desk | TIMESOFINDIA.COM

'Bosch weighs offer for appliance maker Whirlpool'

Whirlpool Whirlpool Corp United States

Shares of Whirlpool Corp saw a significant surge, climbing as much as 19%, following a Reuters report that German engineering giant Robert Bosch GmbH is contemplating an offer for the US appliance manufacturer.

According to three individuals familiar with the matter, Bosch, the world’s leading auto parts maker, has been in discussions with potential advisers regarding a possible bid for Whirlpool, which is valued at approximately $4.8 billion. However, these sources cautioned that it is not certain an offer will be made, a Reuters report said.

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