Haier is best known as a manufacturer of household goods including washing machines, refrigerators and microwaves. In recent years, it has sought to expand into new international markets, including the U.S.
The sale, which is the third largest acquisition of a U.S. company by Chinese investors, has been approved by the boards of both firms,GE (GE) said. Continue reading “China’s Haier buys GE’s appliance unit for $5.4 billion”