Whirlpool to Acquire 51% Stake in Hefei Sanyo
August 13, 2013 at 06:27 AM EDT
Whirlpool Corporation (NYSE: WHR ) today announced that it has entered into agreements to become a majority shareholder (51 percent) in Hefei Rongshida Sanyo Electric Co. Ltd. [600983: Shanghai], a leading home appliances manufacturer based in Hefei, China. Through this transaction, a Whirlpool Corporation subsidiary will acquire all shares currently