Haier Group has agreed to buy the General Electric (GE) appliances business for $5.4bn in a deal which would be one of the largest acquisitions by a Chinese company of a US firm, and the largest by an overseas electronics business.
Haier, the world’s biggest home appliance maker is seeking to establish itself as a global brand, a company goal that will be helped by making such an important acquisition of GE Appliances. The acquisition will help Haier Group expand its business into the US and change its image from a maker of cheaper products into…
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