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Home appliance maker Maytag(MYG Quote) said late Thursday that it entered into a definitive agreement to be acquired by an investor group led by private equity firm Ripplewood Holdings for $14 a share, or $2.1 billion.
Maytag's board has approved the agreement and intends to recommend to shareholders that they vote to approve the deal.
The transaction, which includes the assumption of about $975 million of debt, is expected to close before the end of year. ...
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