OREANDA-NEWS. 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.

GE continues to believe that GE Appliances’ customers, consumers and employees will benefit from Electrolux’s commitment to the appliance business and its ability to compete with global competitors.

GE also announced today that it will book a $0.03 per share gain in the second quarter as part of an early settlement related to obligations entered into in the initial NBCUniversal joint venture with Comcast, which was announced in 2011. As a result, GE expects gains to offset restructuring and other charges during the second quarter.

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