BUZZ-Whirlpool of India falls after Reuters reports talks with Advent for $1 billion stake collapse
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Whirlpool of India's stock fell 3.78% after talks with Advent International for a $1 billion stake acquisition collapsed due to valuation disagreements. Advent aimed to acquire a 31% stake, triggering a mandatory offer for an additional 26% under Indian regulations, totaling a 57% controlling stake. Advent sought lower pricing due to short-term headwinds in India, including stricter product standards. Whirlpool's shares are down ~50% year-to-date.
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