GE gets anti-trust approval to sell appliance unit to Haier | Reuters
General Electric Co (GE.N) said its proposed deal to sell its appliance business to China's Haier Group for $5.4 billion had received approval from U.S. anti-trust authorities.
GE has received notice from the Department of Justice that it has completed its review of the proposed transaction, a GE spokeswoman told Reuters.
GE abandoned the sale of the business to Sweden's Electrolux AB (ELUXb.ST) for $3.3 billion in December after months of opposition from regulators.
The Justice Department declined to comment.
(Reporting by Yashaswini Swamynathan and Rama Venkat Raman in Bengaluru; Editing by Maju Samuel)
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First Published On : Mar 4, 2016 01:00 IST