[PConline News] According to the Wall Street Journal, the U.S. Department of Justice has rejected Electrolux and GE’s settlement offer for the US$3.3 billion home appliance business merger between the two parties. The two parties will not meet before the trial on November 9th. Talk about this actively.

The lawyers from both parties made the above comments at a court hearing in Washington, DC, this Friday.

According to reports, based on early court testimonies, the government reacted coldly to GE and Electrolux’s proposed settlement offer.

Electrolux is preparing to acquire GE's appliance business, which is located in Louisville and has nearly 6,000 local employees.

On July 1, the U.S. Department of Justice filed a lawsuit on the grounds of antitrust. According to the US Department of Justice, Electrolux, GE, and Whirlpool account for 90% of the total share in the cooker and oven market. For large numbers of buyers such as home refurbishers and property managers, the acquisition of GE appliances by Electrolux will lead to higher prices for home appliances.

Electrolux lawyers said that the government did not consider the role of Samsung, LG and other home appliance market players.

GE Appliances is an important employer in Louisville. At GE Appliances Industrial Park, there are nearly 3,800 hourly employees and 2,200 white-collar workers.

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