Electrolux AB share price up, acquires General Electric’s home-appliance unit in a $3.3-billion deal
September 8, 2014 8:36 am
Electrolux AB revealed in a statement today that it reached an agreement with General Electric Co. over the acquisition of its home-appliances division. The deal, the companys largest takeover so far, is estimated at $3.3 billion in cash and is to add brands such as Hotpoint and GE Monogram to Electrolux portfolio. The purchase “strengthens […] Read more