Advent's $1 billion deal talks for Whirlpool India stake said to have collapsed

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Advent International's plan to buy Whirlpool's India business has fallen through. Talks ended because both sides could not agree on a price. Whirlpool wanted to sell a stake to raise money for debt repayment. Advent sought a lower valuation due to market challenges. This deal would have given Advent a controlling stake in Whirlpool India.