GE In Talks With Electrolux, Others To Sell Appliances Unit: Sources
World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric’s household appliances business. People familiar with the matter had said earlier in the day that GE was in talks with the Swedish group and other parties to sell the unit. Electrolux, a smaller rival to Whirlpool, said in a statement, “AB Electrolux today confirmed that it is in discussions regarding a possible acquisition of the appliances business of GE. No agreement has been reached.
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