
Investing.com -- Shares in Whirlpool (NYSE:WHR) jumped in premarket U.S. trading on Wednesday after Reuters reported that German engineering group Robert Bosch is considering a takeover bid for the appliances maker.
Citing three people familiar with the matter, Reuters said it remained uncertain if an offer would be put forward.
Reuters added that one of the sources said Bosch has been speaking with possible advisors about potentially unveiling an offer for Whirlpool. The U.S.-based firm known for its washing machines and refrigerators currently has a market capitalization of just under $4.8 billion.
The possible bid would come at a time when Bosch is facing growing competition from Asian rivals in its home appliances segment. Whirlpool, meanwhile, is in the midst of a sweeping operational overhaul that has seen the owner of brands like KitchenAid and Maytag offload its Middle Eastern and African units.
Whirlpool peer Electrolux's (ST:ELUXb) stock price rose in European trading following Reuters' report.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.