GE gets anti-trust approval to sell appliance unit to Haier

Reuters - March 3rd, 2016

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GE has received notice from the Department of Justice that it has completed its review of the proposed transaction, a GE spokeswoman told Reuters.

GE abandoned the sale of the business to Sweden's Electrolux AB (ELUXb.ST) for $3.3 billion in December after months of opposition from regulators.

The Justice Department declined to comment.

(Reporting by Yashaswini Swamynathan and Rama Venkat Raman in Bengaluru; Editing by Maju Samuel)

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