GE Looks To Unload Majap Unit: WSJ
By TWICE Staff -- TWICE, 5/15/2008
New York — General Electric is putting its major appliance business on the block, according to a published report.
The Wall Street Journal said Goldman Sachs has been hired to advise on the deal, which could bring in between $5 billion and $8 billion.
The story reported that Haier and BSH Bosch are among the firms reportedly interested in the deal. Haier had expressed interest in picking up a major appliance maker in the past, having bid on Maytag when that company was up for bid three years ago.
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