Whirlpool (WHR) To Suspend Buybacks For Remainder Of This Year - Bloomberg, Citing Call
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Whirlpool to buy InSinkErator for $3 billion to beef up kitchen presence
August 8, 2022 7:04 AM EDTBy Nathan Gomes
(Reuters) -Home appliance maker Whirlpool Corp said on Monday it would buy Emerson Electric Co's InSinkErator unit, which makes waste disposal equipment and hot water dispensers, for $3 billion to beef up its kitchen equipment offerings.
InSinkErator, which has an over 70% market share in the food waste disposal industry, is a popular household name in the United States. Following the acquisition, InSinkErator will add to Whirlpool's home portfolio of... More
Emerson Electric (EMR) to Sell InSinkErator Business to Whirlpool Corporation (WHR) for $3 Billion
August 8, 2022 6:56 AM EDTEmerson (NYSE: EMR) today announced an agreement to sell its InSinkErator® business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion. InSinkErators trailing twelve-month revenue, as of March 31, 2022, was $595 million, pretax earnings were $148 million and EBITDA* was $166 million, representing a... More
