Maytag Moves Jade to Dixie-Narco
Submitted by advisor on Fri, 10/01/2004 - 2:15am.
October 6 (News Release embargoed until October 4)
Jade Range has reported that Maytag has decided to shift Jade from under the "temporary" umbrella of Dixie-Narco to become a separate business unit in a form similar to Jenn-Air. Therefore the commercial and residential businesses will remain together in their existing California facilities. Jade was pleased with this decision which seems to provide a sort of immunity from being spun or sold off. We will try to update this item further once we receive the official press release.
