- The U.S. Department of Justice, which is suing to stop Electrolux (OTCPK:ELUXF, OTCPK:ELUXY) from buying GE's appliance business, says it has not received any settlement offer from the companies that might allow the deal to proceed.
- When the judge hearing the DoJ's challenge to Electrolux's proposed acquisition - on the grounds that it would concentrate market share among too few rivals - asked at a pre-trial hearing today whether there was a chance the dispute would settle out of court, a DoJ lawyer did not rule out an eventual settlement but said no proposals had been received so far.
- The U.S. asked a federal court in July to stop Electrolux, which makes Frigidaire, Kenmore and Tappan appliances, from buying GE's appliance business.