Nidec Corp. Purchases Embraco Compressor Business from Whirlpool Corp.
Whirlpool Corp. announced it has entered into an agreement to sell the company's Embraco compressor business to Nidec Corp. for a cash purchase price of $1.08 billion, subject to customary working capital and indebtedness adjustments. The transaction is expected to close in early 2019 and is subject to regulatory approvals and other customary closing conditions.
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