Whirlpool boosts offer for Maytag – again

Whirlpool Corp. moved more aggressively Wednesday to clinch a deal to buy rival Maytag Corp. by raising its offer for a third time to $1.79 billion, or $21 a share.

Including the assumption of $977 million of Maytag debt, the entire deal would be valued at $2.7 billion.

The latest offer, a $1-per-share premium to the sweetened bid of $1.62 billion that Whirlpool offered Monday, still consists of 50 percent cash and 50 percent Whirlpool stock. The deal also includes a $120 million “reverse breakup” fee, which would be paid to Maytag if regulators did not approve the deal.