Carlyle-backed Haier offers $705m for Fisher & Paykel
Carlyle-backed Haier Group has put in a NZ$869 million ($705 million) buyout offer for Fisher & Paykel Appliances (F&P), the New Zealand-based kitchen and appliance manufacturer. The Chinese company is willing to pay NZ$1.20 per share in cash - a 15.4% premium on F&P’s closing price on Tuesday.
F&P said on Monday that it received a takeover notice from Haier New Zealand Investment Holding Company, a wholly-owned subsidiary of Haier Group, which already owns 20% of F&P. The Carlyle Group purchased...
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