GE to sell appliance business to Electrolux for $3.3 billion
GE said the transaction has been approved by the boards of directors of GE and ELECTROLUX (ELUXB.ES)and is targeted to close in 2015. Electrolux will continue use of the GE Appliances brand.
(Reporting by Supriya Kurane in Bangalore; Editing by Matt Driskill)