Electrolux To Buy Chilean Appliance Co. For $691M

Law360, New York (August 22, 2011, 4:32 PM EDT) -- Swedish appliance giant Electrolux AB announced Monday that it would buy Chilean appliance maker CTI Compania Tecno Industrial SA in a deal valued at 4.4 billion Swedish krona ($691 million).

Electrolux will pay 34.87 Chilean pesos ($0.07) per share to acquire all of CTI's outstanding shares in a cash tender offer, and CTI will pay a preclosing dividend of 1.63 Chilean pesos per share to its shareholders based on its net income for the first half of the year.   Chilean conglomerate Sigdo Koppers SA and...
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