Electrolux to boost US presence with $3.3 billion General Electric Appliances buy
Credit: Reuters/Vincent Kessler
The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, April 27, 2014.
GE said the transaction has been approved by the boards of directors of GE and Electrolux 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)
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