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Electrolux not in U.S. settlement talks over GE appliance bid: lawyer

Published 11/05/2015, 10:57 AM
Updated 11/05/2015, 11:00 AM
© Reuters. The Electrolux logo is seen during the IFA Electronics show in Berlin

WASHINGTON (Reuters) - Electrolux AB is not in settlement talks with the U.S. Justice Department on its bid for General Electric's appliance business, a lawyer for Electrolux said on Thursday.

"There are no settlement talks under way. There is no additional settlement being considered," said Joe Sims, an attorney for the Swedish company that makes Frigidaire, Kenmore and Tappan appliances.

© Reuters. The Electrolux logo is seen during the IFA Electronics show in Berlin

The Justice Department has said the proposed deal violates U.S. antitrust law, which is designed to stop mergers that would raise prices for consumers.

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