Press Release – Acquisition Of GE Appliances Not To Be Completed.pdf

Press-release-Acquisition-of-GE-Appliances-not-to-be-completed.pdf
Preview of Press release – Acquisition of GE Appliances not to be completed
🔗 Source: electroluxgroup.com
📊 Size: 215 KB
👤 Author: PalmsPau
⬇️ Downloads: 49

Summary

Electrolux announced that General Electric ("GE") has terminated the agreement to acquire GE's appliance business, effective December 7, 2015, due to the US Department of Justice's ("DOJ") lawsuit to stop the proposed acquisition. Despite offering settlement proposals to address DOJ's competition concerns, which were rejected, Electrolux regrets the termination and is confident in its ability to continue growing and developing its position as a global appliances manufacturer. A termination fee of USD 175m will be paid to GE, and Electrolux will also incur additional costs related to the transaction and integration work.

Description

Electrolux announced that General Electric ("GE") has terminated the agreement to acquire GE's appliance business, effective December 7, 2015, due to the US...

Technical Information

  • File Format: PDF
  • File Size: 215 KB
  • Pages: 2
  • Language: EN
  • Author: PalmsPau
  • Total Downloads: 49
  • Last Updated: 6 days ago

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