In 2nd Try, Electrolux Reaches Deal to Buy G.E. Appliances Unit, for $3.3 Billion | NYTimes.com


The deal is also the end of an era at G.E. as it cuts ties with one of its oldest business divisions, one that gave birth to the washing machine and dryer and the toaster oven.

The transaction is the largest ever for Electrolux, which began as a maker of vacuum cleaners in 1910 and expanded into home appliances in the 1920s.

via In 2nd Try, Electrolux Reaches Deal to Buy G.E. Appliances Unit, for $3.3 Billion – NYTimes.com.

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