Whirlpool to Buy Insinkerator Waste-Disposal Business in $3 Billion Deal
- Appliance maker signs deal as it focuses on high-growth areas
- Deal price looks high given slowdown in US housing market: RBC
Photographer: Chris Ratcliffe/Bloomberg
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Whirlpool Corp. agreed to buy Insinkerator, Emerson Electric Co.’s garbage-disposal business, in a $3 billion transaction.
The all-cash deal is expected to close in the fourth quarter of this year, subject to regulatory approvals, the company said in a statement Monday. It’s expected to add about $1.25 to Whirlpool’s earnings per share in its 2023 fiscal year.