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Bosch Reportedly Considering $4.8 Billion Bid for Whirlpool, Shares Up 15%

Jun 26, 2024, 10:26 AM

German engineering group Robert Bosch GmbH is reportedly considering a bid for U.S. appliance maker Whirlpool, which has a market cap of approximately $4.8 billion. According to three people familiar with the matter, Bosch is consulting potential advisers, although it remains uncertain if an offer will be made. This potential acquisition, reported by Reuters, could significantly boost Bosch's position in the household appliances market. The news has led to a 15% increase in Whirlpool's stock price.