Electrolux AB (ELUXb.ST)
Latest Key Developments (Source: Significant Developments)
Electrolux AB:U.S. Justice Department antitrust lawyers have opposed Electrolux AB plan to buy General Electric Co's household appliance business according to source familiar with investigation-Reuters.Lawyers have disapproved of the $3.3 billion deal as proposed, according to the source.The decision to file a lawsuit to block the deal ultimately rests with senior officials in the antitrust division.Electrolux declined to comment, and the DOJ and GE were not immediately available for a comment.Sweden's Electrolux agreed to buy GE's century-old appliance business in September 2014. Full Article
STOCKHOLM, April 28 Home appliance maker Electrolux reported a bigger than expected rise in first-quarter operating earnings on Friday and said it was stepping up cost efficiency measures in the face of mounting headwinds from rising raw material prices.