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UNITED STATES OF AMERICA v. AB ELECTROLUX et al

  1. December 07, 2015

    DOJ Antitrust Trial Ends As GE-Electrolux Deal Collapses

    General Electric backed out of the $3.3 billion sale of its appliance business to AB Electrolux Monday morning in the midst of the government's antitrust trial against the deal, taking a $175 million severance payment for the deal going sour.

  2. December 04, 2015

    GE-Electrolux Expert Grilled At Trial Over Price Data

    The U.S. Department of Justice dug into the analysis of an expert defending AB Electrolux's tie-up with General Electric during cross-examination at a D.C. federal bench trial Friday, questioning why he undervalued data suggesting prices went up after an earlier merger of Whirlpool with Maytag.

  3. December 03, 2015

    DOJ's 'Shifting' GE-Electrolux Claims Blasted At Trial

    An expert for GE and Electrolux criticized the U.S. Department of Justice's antitrust analysis of their $3.3 billion tie-up before a D.C. federal court Thursday, saying the government ignored data and shifted the alleged competitive harms.

  4. December 02, 2015

    Home Depot Exec Grilled At Trial On GE-Electrolux Ties

    The U.S. Department of Justice grilled a Home Depot executive about his purported support and insider knowledge of GE and Electrolux's $3.3 billion merger, questioning on cross-examination Wednesday whether he and the retailer would benefit if the government's move to block the deal failed.

  5. December 01, 2015

    Electrolux Says It Can't Hike Prices After $3.3B GE Deal

    An Electrolux official attacked the government's assertion the company could raise appliance prices after buying GE's appliance business, arguing Tuesday at a bench trial over the $3.3 billion deal's alleged anti-competitiveness that a host of companies would grab sales after a price hike.

  6. November 30, 2015

    GE, Electrolux Say DOJ's Critique Of Merger Distorts Market

    General Electric Corp. and AB Electrolux on Monday blasted the U.S. Department of Justice's depiction of the cooking appliance market for overlooking existing competitors' growth, defending their $3.3 billion tie-up in an antitrust bench trial before a D.C. federal judge.

  7. November 25, 2015

    GE Trims Confidential Info Request After LG, Lowe's Object

    General Electric on Wednesday trimmed a request for its in-house attorney to have access to confidential information from competitors like LG in the bench trial challenging GE's $3.3 billion deal with Electrolux, after LG and Lowe's objected to allowing "unprecedented" access to such information.

  8. November 24, 2015

    GE, Electrolux Can't Get Quick End To Some Antitrust Claims

    A D.C. federal judge pushed off a decision over whether to nix half the government's antitrust case against Electrolux's $3.3 billion acquisition of General Electric's appliance unit Tuesday, saying he may hold off until the end of the bench trial to decide the matter.

  9. November 23, 2015

    DOJ Says Samsung, LG Not Relevant To GE-Electrolux Deal

    The Justice Department's expert economist painted General Electric and Electrolux as competing at lower prices than LG and Samsung on cooking appliances Monday, telling a D.C. federal judge the two Korean companies won't replace the competition lost from the $3.3 billion deal between GE and Electrolux.

  10. November 20, 2015

    Gov't Wants More Electrolux CEO Testimony After Distortion

    The government pushed Friday to bring back Electrolux's CEO for more testimony in the bench trial over the company's $3.3 billion deal for GE's appliance unit, arguing that besides an admitted misstatement on competitor prices, the executive's other testimony did not add up.

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