April 22, 2005, the stock price Maytag Corporation fell 28 percent after the company reported disappointing first-quarter results and significantly reduced its profit forecast for 2005. The company's sales were down due to increased foreign competition and production costs increased due to higher energy, materials, and cost allocation. Maytag management and the board clearly understood the need to make strategic decisions to turn the fate of their company. Maytag could offer a sharp turn and plan to remain independent, to sell themselves or large domestic competitors such as Whirlpool or foreign companies, such as Haier, or he may choose to go private by selling financial buyer (Ripplewood). "Hide
by Artur Raviv, Rod H. Feuer, Parth Mehrotra, Peter Rossmann Source: Kellogg School Management 18 pages. Publication Date: December 31, 2008. Prod. #: KEL382-PDF-ENG
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