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Wednesday, July 1, 2015

U.S. Sues To Block GE Appliance Business Sale To Electrolux

The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying that the combined company would dominate sales of kitchen appliances to customers like home builders, property managers, hotels and governments. General Electric Co., based in Fairfield, Conn., says it will defend the sale in court and aims to complete the $3.3 billion deal this year.

via http://www.courant.com/business/hc-ap-justice-dpartment-ge-appliance-0702-20150701-story.html

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