GE Provides Update on Sale of Appliances

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE [NYSE:GE] announced today that the regulatory review for the sale of its Appliances business to Electrolux continues. As a result, the deal will not close during the second quarter of this year. Electrolux and GE continue to work actively with the Department of Justice to endeavor to resolve the remaining items in the clearance process, with the goal of closing the deal in 2015. GE expects an approximate after-tax gain of $0.05-$0.07 per share at closing. G

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