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Bosch Reportedly Weighing Bid for Whirlpool, Shares Up 20.3%

Jun 26, 2024, 12:03 PM

German engineering group Robert Bosch GmbH is reportedly considering a bid for U.S. appliance maker Whirlpool, according to a Reuters report and sources familiar with the matter. The potential acquisition is seen as a strategic move to bolster Bosch's position in the household appliances market. Whirlpool, which has a market capitalization of approximately $4.8 billion, has seen its shares surge by over 20.3% following the news. Whirlpool's recent restructuring makes it an attractive target for Bosch. Bosch is currently consulting potential advisers, though it remains uncertain if an offer will be made. The news has led to a significant premarket rise in Whirlpool's stock price, reflecting investor optimism about the potential deal.