Whirlpool 2006 Annual Report Download - page 9

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06
Whirlpool announces intent to bid for Maytag
Whirlpool and Maytag agree to $21/share offer
Maytag shareholders vote to accept Whirlpool offer
ACQUISITION TIMELINE
Whirlpool Brings
Innovation and brand investment
to quickly revitalize Maytag brands,
improve speed to market, deliver
brand differentiation and increase
breadth of product offering
Strong trade support skills and training
to better serve trade customers
Global manufacturing, procurement,
R&D and supply chain organization
to drive significant efficiencies
Maytag Brings
Well-known brands that complement
Whirlpool Corporation’s brand portfolio
and strong position in cooking and
laundry
Additional long-term trade relationships
Vital manufacturing operations to
support new product platforms
Growth and Value Creation
Brand revitalization and growth along
with consumer reach expansion
Enhanced business-to-business
efficiencies and support levels
Savings throughout the value chain
in redundancy elimination, asset
utilization and scale productivity
Maytag Acquisition Whirlpool Plus Maytag Equals Every Home...Everywhere
On March 31, 2006, Whirlpool Corporation completed the acquisition of Maytag
Corporation. With the acquisition complete, the combined enterprise emerged
a more compelling company positioned to deliver the most innovative portfolio
of products and services to consumers, Every Home…Everywhere.
Under the terms of the agreement, Whirlpool paid approximately $1.9 billion, including
approximately $848 million in cash and approximately 9.7 million shares of Whirlpool common
stock. The aggregate transaction value, including approximately $900 million of Maytag debt,
was $2.8 billion.
Whirlpool took action to rapidly restore the competitiveness of the Maytag brands, driving
an integration process that allowed continuing performance improvements while better aligning
our brands, products and operations with the markets we serve domestically and globally.
BENEFITS OF ACQUISTION
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Whirlpool Corporation 2006 Annual Report
2005 JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL
Whirlpool closes transaction
Whirlpool and Maytag integration begins