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Whiteware maker goes unconditional on bid for Fisher & Paykel Appliances

October 31, 2012 - 4:56pm

Chinese whiteware maker Haier has gone unconditional on its bid for Fisher & Paykel Appliances.

The move came after the company received Overseas Investment Office approval for the takeover.

Haier is offering $1.28 a share.

The company says shareholders have until next Tuesday to accept the offer, unless it is extended in accordance with the Takeovers Code.

Fisher & Paykel bought Dunedin's Shacklock Ltd in the early 1980s, and closed its factory at Taieri in 2008.