FAIRFIELD, Conn. - December 7, 2015 - 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 to run the business while it pursues a sale.
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This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.
Seth Martin, 203.572.3567
Matt Cribbins, 203.373.2424
GE Consumer & Industrial - Americas