Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Whirlpool Corp (NYSE:WHR), through its subsidiary Whirlpool EMEA SpA, agreed to sell its Russian business to Arçelik A.Ş. for deferred payments.
- The deferred payments are expected to be made over ten years and are subject to a cap based on the net asset value of the business as of closing, which is currently estimated at €220 million.
- The sale includes the entirety of the company’s operations in Russia, including the manufacturing site in Lipetsk, Russia, and the sales organization in Moscow, Russia, as well as sales operations in Kazakhstan and other select Commonwealth of Independent States.
- Whirlpool expects to incur a loss of $(300) million - $(400) million during the second quarter of 2022 in connection with the transaction.
- The sale is expected to be finalized in the third quarter of 2022.
- Price Action: WHR shares traded higher by 4.59% at $171.40 in premarket on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!