US sues to block Electrolux buy of GE appliance business

GMT 19:07 2015 Wednesday ,01 July

Arab Today, arab today US sues to block Electrolux buy of GE appliance business

An Electrolux stove
New York - Arab Today

US antitrust officials filed suit on Wednesday to block the sale of General Electric's appliance business to Sweden's Electrolux, saying the $3.3 billion deal would harm consumers.

The sale would limit competition and lead to higher prices for US consumers of ranges, cooktops and wall ovens, said the Justice Department, which filed a civil antitrust lawsuit in a US court in Washington.

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