After the initial proposal of Electrolux AB (ADR) (OTCMKTS:ELUXY) to acquire General Electric Company (NYSE:GE)’s appliances division for $2.5 billion, the deal is finally over with a price tag of $3.3 billion. This is the biggest acquisition for Electrolux AB (ADR) (OTCMKTS:ELUXY) and Keith McLoughlin, CEO of Electrolux, said, “The acquisition, which is our largest…
Electrolux AB (ADR) (ELUXY) Might Close General Electric Company (GE) Acquisition Deal for $2.5 billion
After giving hints about the potential acquisition of General Electric Company (NYSE:GE), Electrolux AB (ADR) (OTCMKTS:ELUXY) has finally come up with $2.5 billion potential deal. Both the companies are said to work on the final terms of the agreement, as reported by unknown sources. Earlier, General Electric Company (NYSE:GE) confirmed that it was negotiating the…