Whirlpool announced that it commenced a modified Dutch Auction tender offer to purchase up to $1B of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not less than $150 nor greater than $170 per share of common stock, to the seller in cash, less any applicable withholding taxes and without interest. The offer is made upon the terms and subject to the conditions described in the offer to purchase and in the related letter of transmittal. The closing price of Whirlpool's common stock on the New York Stock Exchange on April 25, the last full trading day before the commencement of the tender offer, was $155.48 per share. The tender offer is scheduled to expire at one minute after 11:59 P.M., New York City time, on May 23, 2018, unless the offer is extended.
