Maytag Declares Quarterly Dividend
November 10 2005 - 11:45AM
PR Newswire (US)
NEWTON, Iowa, Nov. 10 /PRNewswire-FirstCall/ -- The Maytag
Corporation (NYSE:MYG) board of directors today declared a
quarterly dividend of 9 cents a share on the firm's common stock.
The dividend is payable December 15, 2005, to shareowners of record
at the close of business December 1, 2005. (Logo:
http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO ) Maytag
Corporation is a leading producer of home and commercial
appliances. Its products are sold to customers throughout North
America and in international markets. The corporation's principal
brands include Maytag(R), Hoover(R), Jenn-Air(R), Amana(R),
Dixie-Narco(R) and Jade(R). Maytag Additional Information This
document includes statements that do not directly or exclusively
relate to historical facts. Such statements are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements speak only as of this date and
include statements regarding anticipated future financial operating
performance and results. These statements are based on the current
expectations of management of Maytag. There are a number of risks
and uncertainties that could cause actual results to differ
materially from the forward-looking statements included in this
document. For example, with respect to the transaction with
Whirlpool (1) Maytag may be unable to obtain shareholder approval
required for the transaction; (2) conditions to the closing of the
transaction may not be satisfied or the merger agreement may be
terminated prior to closing; (3) Maytag may be unable to obtain the
regulatory approvals required to close the transaction, or required
regulatory approvals may delay the transaction or result in the
imposition of conditions that could have a material adverse effect
on Maytag or cause the parties to abandon the transaction; (4)
Maytag may be unable to achieve cost-cutting goals or it may take
longer than expected to achieve those goals; (5) the transaction
may involve unexpected costs or unexpected liabilities; (6) the
credit ratings of Maytag or its subsidiaries may be different from
what the parties expect; (7) the businesses of Maytag may suffer as
a result of uncertainty surrounding the transaction; (8) the
industry may be subject to future regulatory or legislative actions
that could adversely affect Maytag; and (9) Maytag may be adversely
affected by other economic, business, and/or competitive factors.
Additional factors that may affect the future results of Maytag are
set forth in its filings with the Securities and Exchange
Commission ("SEC"), which are available at
http://www.maytagcorp.com/ . Maytag undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Additional Information Relating to the Proposed Merger and Where to
Find It Whirlpool and Maytag have filed a preliminary
prospectus/proxy statement with the SEC in connection with the
proposed transaction. Investors are urged to read the preliminary
prospectus/proxy statement, and any other relevant documents filed
or to be filed by Whirlpool or Maytag, including the definitive
prospectus/proxy statement when available, because they contain or
will contain important information. The preliminary
prospectus/proxy statement is, and other documents filed by
Whirlpool and Maytag with the SEC are, available free of charge at
the SEC's website (http://www.sec.gov/) or from Whirlpool by
directing a request to Whirlpool Corporation, 2000 North M-63, Mail
Drop 2800, Benton Harbor, MI 49022-2692, Attention: Larry
Venturelli, Vice President, Investor Relations. Neither this
communication nor the preliminary prospectus/proxy statement
constitutes an offer to sell or the solicitation of an offer to buy
Whirlpool common stock in any jurisdiction outside the United
States where such offer or issuance would be prohibited -- such an
offer or issuance will only be made in accordance with the
applicable laws of such jurisdiction. Whirlpool, Maytag and their
respective directors, executive officers, and other employees may
be deemed to be participating in the solicitation of proxies from
Maytag stockholders in connection with the approval of the proposed
transaction. Information about Whirlpool's directors and executive
officers is available in Whirlpool's proxy statement, dated March
18, 2005, for its 2005 annual meeting of stockholders. Information
about Maytag's directors and executive officers is available in
Maytag's proxy statement, dated April 4, 2005, for its 2005 annual
meeting of stockholders. Additional information about the interests
of potential participants is included in the preliminary
prospectus/proxy statement Whirlpool and Maytag filed with the SEC.
Media Contact: John Daggett Maytag Corporate Communications (641)
787-7711 http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO
http://photoarchive.ap.org/ DATASOURCE: Maytag Corporation CONTACT:
Media, John Daggett, Maytag Corporate Communications,
+1-641-787-7711, Web site: http://www.maytagcorp.com/
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