GE could see Haier bid for appliance unit
General Electric's [NYSE:GE] home-appliance unit could draw a bid from China's Haier Electronics [HKG:1169], according to a newswire report.
Bloomberg, citing sources familiar with the matter, reported that Haier is among the potential bidders for the unit in a deal that could exceed the USD 3.3bn that Sweden-based Electrolux [STO:ELUX-A, STO:ELUX-B] would have paid in the scrapped agreement.
The sale process for GE Appliance was restarted last week following the withdrawal of GE from the deal with Electrolux that was contested by the Justice Department of the US, according to the report.
The deadline for bids in the first round is next week, as reported.