{"id":1473515,"date":"2024-06-26T12:35:00","date_gmt":"2024-06-26T16:35:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1473515"},"modified":"2024-06-26T12:35:00","modified_gmt":"2024-06-26T16:35:00","slug":"whirlpool-shares-surge-18-amid-bosch-takeover-rumors","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/whirlpool-shares-surge-18-amid-bosch-takeover-rumors\/1473515\/","title":{"rendered":"Whirlpool Shares Surge 18% Amid Bosch Takeover Rumors"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Whirlpool Shares Surge 18% Amid Bosch Takeover Rumors<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Shares of Whirlpool Corp. soared in premarket trading in New York after a <a href=\"https:\/\/www.reuters.com\/markets\/deals\/bosch-eyes-offer-appliance-maker-whirlpool-sources-say-2024-06-26\/\">Reuters<\/a> report explained\u00a0that German appliance and engineering giant Robert Bosch is eyeing a potential takeover bid for the appliance maker.\u00a0<\/p>\n<p><em>Bosch has been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalization of about $4.8 billion, one of the sources said.<\/em><\/p>\n<p><em>The sources said it was not certain that an offer would be made, and asked not to be identified because the matter is confidential. -Reuters<\/em><\/p>\n<p>Reuters pointed out that Bosch&#8217;s potential acquisition of Whirlpool could significantly strengthen its home appliance division amid increasing competition from Asian rivals. This deal would also allow Bosch, the world&#8217;s largest automotive supplier, to diversify its portfolio beyond the automotive industry and into home appliances.<\/p>\n<p>As of Monday&#8217;s close,\u00a0Whirlpool had a market capitalization of $4.75 billion. Sources were unclear about the composition of the deal, and a Bosch spokesperson called the report &#8220;market rumors.&#8221;\u00a0<\/p>\n<p>In markets,\u00a0Whirlpool shares peaked in May 2021 just north of $250 a share, and since then, have plunged 65% to around the $87 handle on Monday, or about to the lowest levels since the early days of government-enforced lockdowns in the early Covid days.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/Snag_4a166baf.png?itok=6g8EBWAP\"><\/a><\/p>\n<p>WHR is up 18% in the pre-market&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2024-06-26_05-15-16.jpg?itok=g2HaOzzr\"><\/a><\/p>\n<p>Also,\u00a0Whirlpool&#8217;s float is 13% short, or about 7.1 million shares, equating to about 4.8 days to cover. This may suggest the squeezing in premarket trading.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 06\/26\/2024 &#8211; 08:35<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/whirlpool-shares-surge-18-amid-bosch-takeover-rumors\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/whirlpool-shares-surge-18-amid-bosch-takeover-rumors<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whirlpool Shares Surge 18% Amid Bosch Takeover Rumors Shares of Whirlpool Corp. soared in premarket trading in New York after a Reuters report explained\u00a0that German&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1473516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1473515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6bkn","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/06\/Snag_4a166baf-9Y36qp.png","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1473515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1473515"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1473515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1473516"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1473515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1473515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1473515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}