NEWTON, Iowa, Feb. 10 /PRNewswire-FirstCall/ -- Maytag Corporation
(NYSE: MYG) board of directors today declared a quarterly dividend of 9 cents
a share on the firm's common stock. In the event the pending merger with
Whirlpool is not completed prior to the record date of March 1, 2006, the
dividend is payable March 15, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO )
Maytag Corporation is a $4.9 billion home and commercial appliance company
focused in North America and in targeted international markets. The
corporation's primary brands are 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 and expectations as to the closing
of the transaction with Whirlpool. 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) conditions to the closing of the
transaction may not be satisfied or the merger agreement may be terminated
prior to closing; (2) 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; (3) Maytag may be unable to achieve cost-cutting goals or it may
take longer than expected to achieve those goals; (4) the transaction may
involve unexpected costs or unexpected liabilities; (5) the credit ratings of
Maytag or its subsidiaries may be different from what the parties expect; (6)
the businesses of Maytag may suffer as a result of uncertainty surrounding the
transaction; (7) the industry may be subject to future regulatory or
legislative actions that could adversely affect Maytag; and (8) 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.
SOURCE Maytag Corporation
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Related links:
http://www.maytagcorp.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, John Daggett, Maytag Corporate
Communications, +1-641-787-7711, or john.daggett@maytag.com
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