SPOKESWOMAN: Acquisition of GE Appliances by Haier Group of China expected to take place June 6
A spokesperson for GE Appliances says the sale to the Haier Group of China could happen in less than a week.
LOUISVILLE, Ky. (WDRB) -- We're getting new information on when the acquisition of GE Appliances might take place.
A spokesperson for GE Appliances says the sale to the Haier Group of China could close in less than a week.
"GE Appliances leadership has communicated with employees that we anticipate the acquisition of GE Appliances by Haier to be finalized sometime on June 6," said spokeswoman Kim Freeman in a written statement. "Once the deal is complete, a press release will be issued."
Haier, which has little presence in the United States, has said GE's appliance division will continue to be based in Louisville following the $5.4 billion purchase and led by CEO Chip Blankenship and the current management team.
That differs from the now-defunct plan to sell the appliance division to Sweden-based Electrolux, which has an extensive U.S. footprint and would have absorbed GE Appliances into its Charlotte-based U.S. operations.
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