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
Access Investor Kit for General Electric Co.
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US3696041033
Subscribe to WSJ: http://online.wsj.com?mod=djnwires