YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Home appliance maker Whirlpool penned a deal to sell its Embraco compressor business for $1.08 billion in cash.
The sale to Japan's Nidec Corp. would allow Whirlpool to focus more on its consumer-facing business.
The Benton Harbor, Michigan-based company also announced plans to buy back $1 billion worth of its shares starting April 26.
Read more from Reuters.
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