The market is speculating that the deal will take longer to close and will have more of a problem clearing FTC approval than Whirlpool is intimating.
More Quotes from David MacGregor:
I think Whirlpool will clear the (Federal Trade Commission).David MacGregor
The 20 bid was a little bit of a surprise. It reflects a high level of conviction in synergies and sends a pre-emptive signal to other bidders.
David MacGregor
From the execution standpoint, he Ward unfortunately was having trouble, and the board simply lost patience with a few misses.
David MacGregor
Overall, (Maytag's) competitive position right now is pretty weak.
David MacGregor
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