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The Maytag Corporation said last night that a consortium led by Qingdao Haier, a Chinese appliance maker, had offered to acquire all its outstanding stock for $16 a share. Interest by the consortium could ignite a takeover battle for Maytag, which agreed on May 19 to be acquired by another group, led by Ripplewood Holdings, for $1.13 billion.
See the full article at the New York Times
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