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GE Appliances Division Announcement

December 9, 2015

On December 7, General Electric GE announced that European appliance maker Electrolux ELUXY had backed out of its agreement to purchase GE's appliances business. Electrolux is required to pay GE a $175 million break-up fee as a result. (See press release here) Judging by the market's reaction, most investors see it in the same light …

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