Manufacturer of cast-iron cookers favoured by middle class receives approach from Whirlpool that could stymie £129m Middleby takeover
Aga Rangemaster, the maker of cast-iron cookers favoured by the English middle class, has become the subject of a bidding war between two US companies after Whirlpool made a takeover approach.
The UK company said Whirlpool, the world’s biggest appliance maker, had contacted it about making a cash bid. Aga said it would open its books to let the company decide whether to make a formal bid. Whirpool is understood to have made its approach in the past few days.
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Source: The Guardian Circular Economy RSS