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General Electric (GE) Announces Termination of Appliances Business Sale

December 7, 2015 6:13 AM EST

GE announced today it has terminated its agreement to sell its Appliances business to Electrolux and will now pursue other options to sell the Appliances business.

GE is entitled to a break-up fee of $175 million from Electrolux. The Appliances business is performing well and GE will continue... More