Whirlpool to Purchase Alno Shares and 2 Stocks Riding 52-Week Highs

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Whirlpool Corp. (NYSE:WHR) has gained approval from the European Commission, claiming that there is enough competition in the market. Whirlpool has intentions to purchase the remaining shares of German kitchen manufacturer Alno, which is unable to be placed with other investors, according to Reuters, citing an EU executive’s statement. The shares closed at $100.91, up $2.79 or 2.84 percent on the day. They have traded in a 52-week range of $45.22 to $100.66.

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Energy Recovery (NASDAQ:ERII) has stated, “On November 19, 2012, Chief Executive Officer Tom Rooney provided an interview to a representative of Bloomberg News. A wire story published subsequent to the interview incorrectly reported that Energy Recovery, Inc. is the subject of takeover interest. While the Company, as a matter of policy, does not comment on rumors, it feels compelled to correct the facts as reflected in the Bloomberg story. During the course of a telephone interview about the desalination industry in Chile and the global demand for water, Mr. Rooney acknowledged the increasing attractiveness of the business in response to a specific question regarding the Company as a potential acquisition candidate. Mr. Rooney did not imply, or intend to imply, that the Company was in discussions with potential buyers. In fact, Mr. Rooney stated that the Company has no interest in entertaining the notion of a potential acquisition at this time. Importantly, the Company remains intensely focused on the tenacious execution of its long-term strategy, the successful implementation of which should provide the greater benefit to its shareholders.” The shares closed at $2.87, up $0.28 or 10.81% on the day. They have traded in a 52-week range of $1.95 to $3.29.

Kirkland’s (NASDAQ:KIRK) made an announcement that Robert Alderson, the company’s President and CEO, is scheduled to take a temporary medical leave of absence, effective November 26. Mike Madden, currently the company’s Senior Vice President and CFO, is to take on the additional responsibilities of President and CEO while Mr. Alderson’s is gone. The company believes that Mr. Alderson will continue in his role as President and CEO following an approximate 6 to 8 week recovery period from a non-emergency medical procedure. The shares closed at $9.03, up $0.05 or 0.56 percent on the day. They have traded in a 52-week range of $8.50 to $17.42.

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