GE's Immelt: Lots of Suckers Want To Buy This Appliance Unit We're Unloading

General Electric (GE) CEO Jeffrey Immelt listed several potential buyers for GE’s appliance unit today:

  • South Korea’s LG,
  • China’s Haier Group,
  • Mexico’s Controladora Mabe, and
  • Sweden’s Electrolux.

LG’s CEO, Yong Nam, said yesterday that LG was “looking into” snatching up the GE division. Immelt characterised LG as a “leading candidate.”

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