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Haier Considers Maytag Bid
2005-6-15 12:47:59      CRIENGLISH.com
Haier is considering making a bid for Maytag.
China's largest appliance maker Haier is considering making a bid for Maytag, the struggling US manufacturer of the Hoover vacuum.

Haier is now studying Maytag carefully prior to deciding whether to go after the No. 3 appliance maker in the United States.

If successful, it will be another big international acquisition by a Chinese company, following the Lenovo-IBM deal.

Maytag's board has accepted a 2.1 billion US dollars buyout offer from an investor group led by Ripplewood Holdings.

But Maytag still has opportunities until this Friday to turn to other companies for acquisition.

(Photo Source:Baidu)


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