Whirlpool stock jumps as Bosch weighs takeover bid – report (NYSE:WHR)

Whirlpool (NYSE:WHR) shares jumped over 11% in early trading on Wednesday after a report that German engineering group Robert Bosch was weighing a bid for the U.S. appliances manufacturer.
Citing three people familiar with the matter, Reuters reported that Bosch has been in discussions with potential advisers about the possibility of making an offer for Whirlpool (WHR).
The sources said it was not certain that an offer would be made and asked not to be identified because the matter is confidential.
Earlier this month, Whirlpool (WHR) shares logged gains amid takeover speculation. The home appliance maker had attracted takeover interest, as per a Betaville “uncooked” alert on June 12, which cited people following the matter.
Whirlpool (WHR) short interest is 15.5% of its float. The company has a $4.8 billion market cap.