GE set to auction appliance business
Published May 15th, 2008
General Electric Co. plans to auction off its Louisville, Ky.-based appliances business, The Wall Street Journal reported Wednesday.
GE has hired Goldman Sachs Group Inc. to run an auction for the appliance division, according to the newspaper, which quoted unidentified sources. The sale could yield between $5 billion and $8 billion, the Journal reported.
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