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: ClassLawBlog.comAssurant?s Acquisition of GE Warranty Unit Cleared by Federal Antitrust Regulators
By classlawblog
According to Forbes.com, antitrust regulators at the Federal Trade Commission cleared specialty insurer, Assurant Inc.’s acquisition of General Electric Co.’s warranty management business. Assurant agreed to enter into a 10-year agreement to market extended warranties and service contracts on U.S. GE-branded major appliances. Assurant will pay GE $140 million in cash for the transfer and sale of its assets and assume certain liabilities. GE will pay Assurant $115 million in cash in return for Assurant to assume some of its debts.
Full post as published by ClassLawBlog.com on September 24, 2008 (boomark / email).
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