The beverage firm will leverage its deals with the Uefa Champions League clubs to launch new marketing campaigns.
The advanced light water reactor, one of the next-generation reactors that Japan is considering promoting, is an improved version of conventional pressurized water reactors.
The renewal lets Sky Sports deliver 135 regular season games, the All-Star Weekend, the playoffs, and the Finals.
ondon Heathrow maintained its first-place ranking among European hubs, but it dropped from its global ranking of number 1 in 2019 to number 22 this year.
Korean Air will receive SAF from Shell at major airports in the Asia-Pacific and the Middle East regions.
Korean Air's merger with Asiana Airlines is expected to get approval from the US and UK in November.
South Korea’s state power utility decided to jack up the adjusted unit fuel cost by 2.5 won per kilowatt hour.
Volkswagen Korea’s dealers was said to be promising customers that they can immediately receive their cars regardless of waiting number.
The bond’s net proceeds will go to projects that meet the eligibility criteria outlined in the group’s Green Finance Framework.
Breweries are concerned that demand will plummet from October when consumers become even more budget-minded.
Whirlpool buys InSinkErator waste disposal biz from Emerson Electric for $3B
Whirlpool Corporation announced that it is buying the Insinkerator waste disposal business from Emerson Electric Company. The company is investing $3 billion in this acquisition deal.
As per Reuters, Whirlpool said on Monday, Aug. 8, that it will acquire the electric company’s food waste disposal business called the InSinkErator. The brand is said to be of the best names under Emerson which also produces hot water dispensers.
The brand will be added to Whirlpool’s expansive portfolio of home appliances. InSinkErator was first launched in 1938 and its market share in the food waste disposal sector is more than 70% which means it is the leader in its field. In 1968, the brand was acquired by Emerson and now the ownership would be transferred to Whirlpool.
"We are excited for the unique opportunity to add InSinkErator to our portfolio of leading brands. The acquisition is a clear accelerator of our ongoing portfolio transformation and aligned with our stated goals of investing in high-growth and high-margin businesses and Win Americas," Whirlpool Corporation’s chairman and chief executive officer, Marc Bitzer, said in a press release.
The company chief went on to say, "InSinkErator is not only an iconic brand with a reputation for the highest quality and performance but also a business that is purpose-driven and shares our vision of improving life at home.”
Bitzer said that they are looking forward to making the most of the growth opportunities which Whirlpool sees for this business. The company further said that it is planning to fund the purchase of InSinkErator through cash and debt.
Bloomberg reported that the all-cash deal is expected to close within the fourth quarter of this year. However, just like any other acquisition agreement, it is still subject to regulatory approvals. Once the deal is completed, InSinkErator is expected to contribute around $1.25 to Whirlpool’s earnings per share in the 2023 fiscal year.
Meanwhile, the deal comes as Whirlpool carried out a review of its business to focus on sectors with high growth and margin potential. The company will be focusing on the U.S. market for its small appliances as well as the commercial line.
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