Whirlpool to buy controlling interest in Indesit

|About: Whirlpool Corporation (WHR)|By:, SA News Editor

Whirlpool (WHR) plans to buy a controlling interest in home appliance maker Indesit for more than $1B.

The company will purchase a 42.7% interest in Indesit from Fineldo and a 17.6% position from the Merloni family using existing cash and debt.