Haier sweetens bid for F and P Appliances to bottom end of range

Thu, 18 Oct 2012

Oct. 18 (BusinessDesk) - Chinese whiteware maker Haier has pushed its bid Fisher & Paykel Appliances to $1.28 a share, the bottom end of the independent valuation range, gaining crucial support from institutional investors to meet its 50 percent minimum acceptance threshold. Haier raised its bid 8 cents a share, bringing it within the independent valuation of between $1.28 and $1.57, it said in a statement. The increased offer has won the approval of Accident Compensation Corp, AMP Capital Investors and Harbour Asset Management, giving the...

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