We've done this in other threads.
There was no one else with enough money and could pass US anti-trust muster besides Haier to buy GE Appliances. Well there may have been a few other Asian concerns, but IIRC that was about all.
GE wanted out of the appliance business so it had to go somewhere.
Whirlpool never would have been allowed to get their mitts on GE.
Electrolux tried but DOJ blocked them as well over various concerns about market competition. Remember Electrolux has previously gobbled up White Consolidated Industries (WCI) which gave them Frigidaire, D&M, Kelvinator, Gibson, Hamilton, Frigidaire, Bendiz, Philco and White-Westinghouse among others.
https://www.electroluxgroup.com/en/acquisition-of-ge-appliances-not-to-be-completed-21617/
IIRC it was Haier who originally wanted to purchase Maytag, but federal government along with moaning in some quarters over an Asian company getting their mitts on such an iconic American company squashed that deal
There were less anti-trust concerns about Haier buying GE Appliances due to their US market exposure being rather puny.
