Fancy that: Whirlpool buys Indesit stake; Reynolds in advanced talks to buy Lorrilard

Sorry for the lack of posts in the last couple of days Betavillers. I have been down in deepest, darkest Kent with little access to the internet.

Anyway, I just thought I would write a quick post to celebrate the (or potential) announcement of a couple of big deals covered in depth on Betaville over the last few months.

La Repubblica reports Whirlpool close to being picked as preferred bidder for Indesit stake

Here is a tale for Betaville readers that have been following the long, drawn out auction of Indesit, the Italian home appliances company that sponsors Arsenal Football Club.

Apparently, Fineldo - the Merloni family's investment vehicle - has now received three binding offers for its 45pc stake in Indesit.

Another update to my Whirlpool/Indesit story

It would appear Whirlpool is still in the running to buy Fineldo's majority stake in Indesit, the Italian home appliances company that sponsors Arsenal Football Club.

Readers might recall I published a piece back in March reporting that Whirlpool was preparing a EURO 2.3 billion takeover bid for Indesit.

Update to Whirlpool/Indesit story

Interesting to see Italian newspaper Il Sole 24 Ore report today that Whirlpool is one of the front runners to buy a stake in Indesit, the home appliances company that sponsors Arsenal Football Club.

Here is a link to today's article from: http://carlofesta.blog.ilsole24ore.com/2014/05/per-indesit-lamericana-whirlpool-in-pole-i-turchi-di-arcelik-verso-il-ritiro.html

Whirlpool prepares takeover of Arsenal sponsor Indesit

American giant Whirlpool is closing in on a Euro 2.3 billion acquisition of Indesit, an Italian home appliances company that sponsors Arsenal Football Club.