BusinessMarch 3, 1997
BUSINESS MEMO: LOOKING FOR A BUYER
Raytheon Co. is looking for a buyer for its appliance business, known for Amana microwave ovens and Speed Queen washers. The planned sale, announced Sunday, will help cut into the $11 billion in debt Raytheon will incur in acquiring defense businesses from Texas Instruments Inc. and General Motors Corp...
Raytheon Co. is looking for a buyer for its appliance business, known for Amana microwave ovens and Speed Queen washers.
Receive Daily Headlines FREESign up today!
The planned sale, announced Sunday, will help cut into the $11 billion in debt Raytheon will incur in acquiring defense businesses from Texas Instruments Inc. and General Motors Corp.
The appliance business had sales last year of $1.5 billion, 12 percent of the company's total sales of $12.26 billion.
Story Tags
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.
Advertisement
Receive Daily Headlines FREESign up today!
