Electrolux CEO Says Appliance Prices Won't Rise From GE Deal

Updated on
  • U.S. seeking to block acquisition of GE's appliance unit
  • Without growth, `we're going to get crushed,' McLoughlin says

Electrolux AB Chief Executive Officer Keith McLoughlin told a Washington judge that his company will be able to keep costs down and sell ovens and other products at lower prices should it win approval to acquire General Electric Co.’s appliance business.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.