Deals
GE Said to Near Deadline on Appliances as Haier Mulls Offer
- Chinese company said to be among possible suitors for division
- Accelerated timeline supports Immelt's plan to reshape company
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First-round bids for General Electric Co.’s home-appliances business are due next week, according to people familiar with the matter, as the industrial giant seeks a speedy exit following its aborted deal with Electrolux AB.
Companies including Haier Electronics Group Co. are weighing offers for the century-old unit, which may fetch more than the $3.3 billion Electrolux had agreed to pay, said the people, who asked not to be identified discussing private information.