Skip to content
Subscriber Only

Electrolux Path to GE Appliance Deal Runs Into U.S. Lawsuit

Updated on

Electrolux AB is willing to fight U.S. antitrust officials to ensure it succeeds in concluding a $3.3 billion acquisition of General Electric Co.’s appliances division before the end of the year.

Lawyers for Electrolux said there is no justification for the lawsuit filed Wednesday by the Justice Department, which challenges the deal on the grounds that it would hurt consumers. The decision came after months of discussions between the government and the Stockholm-based company. Electrolux’s American depositary receipts fell 9 percent Wednesday, the most since August 2011.