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Bosch Could Block Chinese Bid

 

German appliance giant Bosch is understood to be taking a serious look at buying either a blocking stake or potentially making a rival bid for Fisher & Paykel Appliances against the offer from China's Haier, according to a senior market source.

The source said all of Haier's competitors would be looking closely at the proposed deal and suggested it would not take much money to derail a full takeover.

Read more: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10833624