Whirlpool prepares takeover of Arsenal sponsor Indesit

American giant Whirlpool is closing in on a Euro 2.3 billion acquisition of Indesit, an Italian home appliances company that sponsors Arsenal Football Club.

According to a source familiar with the matter, Whirlpool has already approached Indesit's largest shareholder, Fineldo, about a takeover deal. Fineldo is the investment vehicle for the Merloni family, which founded Indesit in 1975...

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Date: Monday, 24 March 2014, 4:15 pm

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