The Traderszone Network

Published in TZ Latest News 14 January, 2016 by The TZ Newswire Staff

Haier nears deal to buy GE’s appliances business for over $4 billion: WSJ

Haier beat other foreign corporate bidders vying to buy GE’s Louisville, Kentucky-based business, the WSJ said. GE could not be immediately reached for comment outside regular business hours. In December last year, GE walked away from a $3.3 billion agreement to sell its appliances business to Sweden’s Electrolux AB (ELUXb.ST), after months of opposition from U.S. antitrust regulators.