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US: Dutch GE, Electrolux to fight antitrust lawsuit

By  |  July 2, 2015

The US Department of Justice filed an antitrust lawsuit Wednesday to block Swedish-owned Electrolux’s proposed $3.3 billion purchase of General Electric’s Louisville-based appliance business.

The suit argues the move could lead to price increases as the combined company dominates sales of kitchen appliances to customers like home builders, property managers, hotels and governments.

“Electrolux and GE intend to vigorously defend the proposed acquisition as pro-competitive and pro-consumer. Our goal remains to close the deal this year,” GE said in a statement.

Full content: Fortune

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