Haier faces battle in F & P takeover bid
Tue, 11 Sep 2012 7:53a.m.
Fisher & Paykel's share price has shot up after news the Chinese group Haier may make a takeover bid for the company.
However the 30 percent increase in share price means the company could be in for a battle if it makes such a move.
Haier already owns 20 percent of Fisher & Paykel.
Watch the video for Firstline’s analysis by Michael Wilson
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