GE set to receive bids for home appliances unit
New York
FIRST-ROUND bids for General Electric Co's home appliances business are due this week, according to people familiar with the matter, as the industrial giant seeks a speedy exit following its aborted deal with Electrolux AB.
Companies including Haier Electronics Group Co are weighing offers for the century-old unit, which may fetch more than the US$3.3 billion Electrolux had agreed to pay, said the people, who asked not to be identified discussing private information.
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