SUBSCRIBERS
GE may look outside US after Electrolux deal dies
Published Tue, Dec 8, 2015 · 09:50 PM
New York
GENERAL Electric Co (GE) may look outside the United States or to private equity (PE) to find a new buyer for its appliances business after abandoning plans to sell the unit to Electrolux AB.
The industrial giant still intends to unload the division after scrapping a US$3.3 billion deal that the US Justice Department had opposed, GE said on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Billionaire Geiger is said to near US$7 billion L’Occitane buyout
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years