Electrolux to Buy GE's Appliances Business

Written By The USA Links on Sunday, 7 September 2014 | 23:39


WSJ.com: US Business

Electrolux to Buy GE's Appliances Business

Sept. 8, 2014 1:57 a.m. ET


General Electric Co. will sell its appliances business to Swedish appliance maker Electrolux AB for $3.3 billion, in a deal that is expected to close next year.


At closing, the deal is expected to generate a gain of 5 cents to 7 cents a share, GE said in a news release on Monday.


Electrolux will continue to use the GE Appliances brand. The deal has been approved by the boards of both GE and Electrolux....





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