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SEP 08, 2014 - TheStreet

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Electrolux Wins GE Appliances Division Auction

NEW YORK (The Deal) -- Swedish home appliance giant Electrolux on Monday announced its biggest-ever acquisition, agreeing to buy the appliance unit of General Electric ato expand in the U.S. for $3.3 billion in cash and attack rival Whirlpool aon its home turf. Electrolux CEO Keith McLoughlin talks to TheStreet's Ruben Ramirez about the deal: WATCH: More market update videos ...

Tags: Electrolux Wins GE Appliances Division Auction,  Alstom Latest News

SEP 08, 2014 - MarketWatch

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GE sells appliances unit to Electrolux for $3.3 billion

MADRID (MarketWatch) -- General Electric Co. announced Monday that it will sell GE Appliances to Sweden's Electrolux AB for $3.3 billion in cash. Under the deal, Electrolux will continue using the GE Appliances brand. "This transaction is consistent with our strategy to be the world's best infrastructure and technology company," said GE Chairman and CEO Jeff Immelt in a statement. ...

Tags: GE sells appliances unit to Electrolux for $3.3 billion,  Alstom Latest News