Whiteware maker goes unconditional on bid for Fisher & Paykel Appliances
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.