Whirlpool China had in hand a tender offer from Chinese home appliance maker Galanz for a partial acquisition, according to the announcement of the company made on August 23 2020. On August 26, it announced that, Galanz offered to buy 61% stake of it at CNY 5.23 apiece.
China Household
Electrical Appliances Association
Galanz to buy 61% stake of Whirlpool China
Date:Oct 23, 2020