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US sues to halt GE unit sale to Electrolux

2015-07-03 04:37:25| Appliances - Topix.net

WASHINGTON: The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire, Kenmore and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. It said the $3.3 billion deal would hurt competition, and consumers, by combining two of the three top makers of stoves, cooktops and ovens.

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