HRELF
Haier Electronics Group Co., Ltd.OTCPK - Current
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  • Thu, Mar. 3, 5:05 PM
    • General Electric (NYSE:GE) says its proposed $5.4B sale of its appliance business to China's Haier Group (OTCPK:HRELF) received approval from U.S. antitrust authorities.
    • The Justice Department approval comes after it sued last year to block GE's plan to sell the appliance business to Sweden's Electrolux.
    • The GE-Haier deal may still face other U.S. regulatory reviews and must be approved by Haier shareholders; Haier has said it would pay a $200M-$400M breakup fee if the deal is blocked.
    | Thu, Mar. 3, 5:05 PM | 31 Comments