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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -2.73 | -1.66% | 161.76 | 166.2558 | 161.58 | 163.56 | 6,723,602 | 01:00:00 |
From May 2019 to May 2024
WASHINGTON—Justice Department antitrust enforcers on Wednesday filed a lawsuit seeking to block Electrolux AB from acquiring General Electric Co.'s appliance business, alleging the deal would hurt competition.
The department filed a 15-page legal complaint against the $3.3 billion deal in a Washington federal court.
The department alleged the deal would leave Americans vulnerable to higher prices for cooking appliances.
GE said the companies would vigorously defend the deal. "GE continues to believe that GE Appliances' customers, consumers and employees will benefit from Electrolux's commitment to the appliance business and its ability to compete with global competitors," the company said in a statement.
A spokeswoman for Electrolux said the company was reviewing the lawsuit.
Write to Brent Kendall at brent.kendall@wsj.com
Access Investor Kit for Electrolux AB
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=SE0000103814
Access Investor Kit for Electrolux AB
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0101982082
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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US3696041033
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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