FX.co ★ Whirlpool Shares Up On Reports Of Potential Takeover By Bosch

German engineering conglomerate Robert Bosch is considering the acquisition of U.S. appliance manufacturer Whirlpool Corporation (WHR), according to sources cited by Reuters. Following these reports, Whirlpool's shares surged over 17% in pre-market trading on Wednesday, reaching $102.68.

Bosch has initiated discussions with potential advisors regarding a possible bid for Whirlpool, which boasts a market capitalization of approximately $4.8 billion, as per one of the sources quoted in the report.

On Tuesday, Whirlpool's shares had closed at $87.03, marking a 5.21% decline. Over the past year, the stock has fluctuated between $84.18 and $160.62.