On the April 22nd, 2005, Maytag Corporation's stock price fell 28 percent after the company reported disappointing first-quarter results and reduced its earnings outlook for 2005. The company's sales were declining due to increased foreign competition and its production costs were growing due to higher power, materials, and sharing costs. Maytag's administration and board clearly comprehended the need to make tactical decisions to turn around the fate of their business.
Maytag Takeover Strategies Case Study Solution
Maytag could propose a drastic reversal plan and stay independent, sell itself to either a substantial domestic adversary such as Whirlpool or a foreign business for example Haier, or it could decide to go clandestine by selling to a economic buyer (Ripplewood).
PUBLICATION DATE: December 31, 2008 PRODUCT #: KEL382-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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