Whirlpool (WHR) shares are trading higher during Wednesday's morning trading session following a Reuters report that German engineering company Bosch (BFREN.IS) is exploring a potential bid for the appliance maker. Yahoo Finance's Seana Smith and Brad Smith break down the details, providing insights into how this partnership would benefit both Bosch and Whirlpool. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
A report says the German engineering company is considering making an offer for the appliance maker.
(Reuters) -German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market. Bosch has been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalisation of about $4.8 billion, one of the sources said. Spokespeople for Bosch and Whirlpool said the companies do not comment on "market rumours".