NYSE:WHRConsumer Durables
Whirlpool (WHR) Is Down 19.0% After Dilutive Recapitalization and Appaloosa Rebuke - Has The Bull Case Changed?
In late February 2026, Whirlpool completed roughly US$475 million of follow-on common equity issuance and about US$1.58 billion of preferred and depositary share offerings to repay debt and fund corporate initiatives, triggering sharp criticism from major shareholder Appaloosa over dilution and capital allocation.
Appaloosa’s public rebuke of Whirlpool’s board and management, including calls to invite potential partners or buyers, injects governance and control questions directly into the...