Diabytes
Electrolux News
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General Electric announced Monday that it has decided to cancel the agreement to sell its appliance division to the Swedish group Electrolux which had offered last year to buy it for USD 3.3 billion (3.0 billion euros).
US antitrust officials filed suit on Wednesday to block the sale of General Electric`s appliance business to Sweden`s Electrolux, saying the $3.3 billion deal would harm consumers.
Sweden`s Electrolux AB said on Monday it would double US sales by paying $3.3 billion in cash for General Electric Co`s appliances business in its biggest ever deal.
Sweden`s Electrolux AB said on Monday it would double US sales by paying $3.3 billion in cash for General Electric Co`s appliances business in its biggest ever deal, giving it the scale to go head-to-head with larger rival Whirlpool.
US conglomerate General Electric (GE) announced on Monday it is selling its home appliances business to Swedish white-goods group Electrolux for USD3.3 billion.
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