twice connect

GE Looks To Unload Majap Unit: WSJ

5/15/2008 09:05:00 AM Eastern

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.

Want to read more stories like this?
Get our Free Newsletter Here!

Curated By Logo