Mainland's Haier to make takeover offer for competitor Fisher & Paykel

Haier already owns 20 percent of Fisher & Paykel, which also manufactures home appliances including washing machines and dishwashers.

The news announced Monday sent Fisher & Paykel shares up 33 percent to NZ$1 (81 U.S. cents), placing the company's value at NZ$724 million (US$586 million).

Fisher & Paykel said in a statement that Haier plans to make a cash offer which would be at a premium to Fisher & Paykel's share price before the announcement. Haier has yet to make a formal offer.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	GoDaddy outage takes out small-business sites

NEXT ARTICLE
Singapore's GIC to up stake in China insurance firm to 10.61% from 2.30%

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit