Electrolux AB

Haier Deals With GE On Purchasing Electrical Appliance Business To Find Momentum In The US Market

General Electric Co. has been intending to sell its electrical appliance chapter prior to initiation of global economic debacle. The Federal Justice Department has foiled its earlier bid to sell its century old electrical appliance portfolio. Finally, it has reached a consensus to sale the business unit to Chinese electrical equipments maker Haier for more than $4 billion.

Read Full Article

GE turns down $3.3B Electrolux acquisition

General Electric Co. terminated the agreed $3.3 billion acquisition of Sweden's Electrolux AB on its appliance business. According to The Wall Street Journal, GE was under pressure by the U.S. Justice Department, which was blocking the sale due to antitrust issues.

Read Full Article

GE to sell appliance business to Electrolux for $3.3 billion

General Electric Co (GE.N) said it has signed a definitive agreement to sell its appliance business to Electrolux AB (ELUXb.ST) for $3.3 billion.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics