31796
Acquisition Prevented
World Economy

Acquisition Prevented

Sweden’s Electrolux said on Monday its deal to buy General Electric’s appliance business had fallen through after GE terminated the $3.3 billion agreement, Reuters reported. The US Department of Justice asked a federal court in July to stop Electrolux, which makes Frigidaire, Kenmore and Tappan appliances, from buying GE’s appliance business and has said the deal would push prices up by 5%. “Electrolux has made extensive efforts to obtain regulatory approvals, and regrets that GE has terminated the agreement while the court procedure is still pending,” Electrolux said in a statement.

 

Short URL : http://goo.gl/5oXB89
  1. http://goo.gl/eHrQGa
  • http://goo.gl/m83Ybe
  • http://goo.gl/JUoKys
  • http://goo.gl/yqpX4B
  • http://goo.gl/pbyZUk

Trending

Googleplus