Blackstone and Bain back Chinese firm Haier in $1.28bn Maytag bid | AltAssets Private Equity News

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Blackstone and Bain back Chinese firm Haier in $1.28bn Maytag bid

22 Jun 2005

A consortium led by Chinese appliance maker Haier and including US private equity giants The Blackstone Group and Bain Capital are making a $1.28bn offer for US home and commercial appliances producer Maytag. The bid tops an offer made previously by private equity group Ripplewood.

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