BN 07/01 15:53 GE Unit Sale to Electrolux Said to Be Opposed by Antitrust Staff
BN 07/01 15:53 *FINAL GE-ELECTROLUX DECISION RESTS WITH TOP U.S. OFFICIALS
BFW 07/01 15:53 *GE UNIT SALE TO ELECTROLUX SAID OPPOSED BY ANTITRUST STAFF
BN 07/01 15:53 *FINAL GE-ELECTROLUX DECISION RESTS WITH TOP U.S. OFFICIALS
BFW 07/01 15:53 *GE UNIT SALE TO ELECTROLUX SAID OPPOSED BY ANTITRUST STAFF
GE Unit Sale to Electrolux Said to Be Opposed by Antitrust Staff
2015-07-01 15:54:59.494 GMT
By Libby Sallaberry McGowan
(Bloomberg) -- Antitrust lawyers at the DoJ oppose
Electrolux’s plan to buy GE’s appliance business, a person
familiar tells Bloomberg.
* Staff attorneys in antitrust division have recommended
against the $3.3b deal as currently proposed; cos. still
could negotiate a settlement that may resolve concerns
* Final decision about whether to file a lawsuit to block the
deal rests w/ senior officials at the division
* GE, Electrolux spokesmen declined to comment; DoJ
spokeswoman didn’t immediately respond to requests for
comment
* NOTE: June 30, GE Says Still Reviewing Appliance Deal, Won’t
Close in 2Q
Story NSN NQTG6Z6K50XZ<GO>
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To contact the reporter on this story:
Libby Sallaberry McGowan in New York at +1-212-617-8044 or
lsallaberry@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Libby Sallaberry McGowan
2015-07-01 15:54:59.494 GMT
By Libby Sallaberry McGowan
(Bloomberg) -- Antitrust lawyers at the DoJ oppose
Electrolux’s plan to buy GE’s appliance business, a person
familiar tells Bloomberg.
* Staff attorneys in antitrust division have recommended
against the $3.3b deal as currently proposed; cos. still
could negotiate a settlement that may resolve concerns
* Final decision about whether to file a lawsuit to block the
deal rests w/ senior officials at the division
* GE, Electrolux spokesmen declined to comment; DoJ
spokeswoman didn’t immediately respond to requests for
comment
* NOTE: June 30, GE Says Still Reviewing Appliance Deal, Won’t
Close in 2Q
Story NSN NQTG6Z6K50XZ<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Libby Sallaberry McGowan in New York at +1-212-617-8044 or
lsallaberry@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Libby Sallaberry McGowan