This morning, Whirlpool (NYSE:WHR) announced it has agreed to buy a 51% stake in Chinese appliance maker Hefei Rongshida Sanyo Electric Company for $552 million. Whirlpool plans to use the acquisition to push further into the Chinese markets and has noted that it expects the acquisition to close by the end of 2014, pending government and shareholder approval. In morning trading, shares of Whirlpool were looking to head higher.
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