Nothing sucks like an Electrolux as the ads so vulgarly put it, and the big Swede looks like sucking up another major business: Thorn EMI has reached agreement in principle to sell its domestic and commercial appliance divisions to Electrolux for a sum slightly below the UKP70m combined net worth of assets; the Thorn divisions include Tricity, Moffat and Parkinson-Cowan cookers, Bendix washing machines, and Crypto-Peerless; Thorn shares shot up 12p on the news late on Friday.
ELECTROLUX HAS AGREEMENT TO PURCHASE DOMESTIC AND COMMERCIAL APPLIANCE DIVISIONS FROM THORN
