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December 7, 2015

Posted  January 25, 2016

Electrolux and General Electric Company announced the termination of the agreement under which Electrolux was to purchase General Electric’s appliance business.  The DOJ sued to block the $3.3 billion acquisition because it would combine two of the leading manufacturers of ranges, cooktops and wall ovens sold in the US, eliminating competition that benefits American consumers and home builders through lower prices and more options.  DOJ