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No settlement likely as Electrolux heads to trial over GE bid

AB Electrolux is not in settlement talks with the U.S. Justice Department on its bid for General Electric’s appliance business, a lawyer for Electrolux said on Thursday as the two sides prepared for a trial starting next week. The United States asked a federal court in July to stop Electrolux, which makes Frigidaire, Kenmore and Tappan appliances, from buying GE’s appliance business for $3.3 billion.