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Exclusive: Electrolux near $2.5 billion-plus deal to buy GE unit: sources

2014-09-04 19:20:25| Appliances - Topix.net

Sweden's Electrolux AB is near a deal to buy General Electric Co's iconic appliance business for more than $2.5 billion, in a move that would significantly expand its reach in North America, people familiar with the matter said. The companies are hammering out final terms of a deal and could announce their agreement as soon as next week, the people said on Thursday, asking not to be named because the matter is not public.

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