1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
Business or Entrepreneurial questions? BizWarriors is completely FREE - paid for by advertisers and donations. Click here to join today! You can now use your Facebook or Twitter account to regsiter or login. If you're new to the BizWarriors Forum, we highly recommend that you visit our Guide for New Members.

Electrolux's $3.3 billion acquisition of GE Appliances falls through

Discussion in 'General Business and Entrepreneurship' started by EF-Roger, Dec 7, 2015.

Share This Page

  1. EF-Roger

    EF-Roger Member

    1,137
    168
    63
    electrolux-shares-soar-as-long-awaited-european-demand-returns.jpg

    Shares in Sweden's Electrolux slumped more than 10 percent on Monday after a $3.3 billion deal to buy General Electric's appliance business fell through.

    Announcing the deal in autumn last year, Electrolux said its biggest ever acquisition would double its sales in the United States and step up the challenge to arch rival Whirlpool in the world's largest appliance market.

    But the U.S. Department of Justice (DOJ) said the deal would reduce competition and drive up prices, and asked a federal court in July to stop it from going ahead.

    Read more Electrolux's $3.3 billion acquisition of GE Appliances falls through
     

Share This Page

Loading...
Similar Threads - Electrolux's billion acquisition Forum Date
Did Amazon's Jeff Bezos lose 6 billion dollars? General Discussion Jan 29, 2016
Oscar, a billion-dollar New York startup that wants to shake up healthcare General Business and Entrepreneurship Jan 20, 2016
A Japanese beer maker is reportedly planning a $3.41 billion offer for SABMiller's Grolsch and Pero Food and Drink Jan 9, 2016
A billionaire Saudi prince is buying a piece of Lyft for $105 million General Business and Entrepreneurship Dec 25, 2015
Alibaba is investing $1.25 billion into a Chinese food delivery company Food and Drink Dec 25, 2015