Buyout for Maytag?

Appliance producer Maytag Corp. has received a $2.1-billion buyout offer by an investor group.

Appliance producer Maytag Corp., Newton, Iowa, has received a $2.1-billion buyout offer by an investor group. The group, led by private equity firm Ripplewood Holdings LLC, wants to acquire all outstanding Maytag shares at $14/share. The investor group includes RHJ International, GS Capital Partners, and the J. Rothschild Group of Companies. In addition, Citigroup, JP Morgan, and Deutsche Bank are providing debt financing for the deal. The aggregate transaction value includes assumption of approximately $975 million of debt and is subject to shareholder approval. Visit maytag.com for more information.

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