Haier Group: Announcing a landmark transaction between business leaders in China and America in a thorny political climate

Haier Group, a multinational consumer electronic company, used PR, stakeholder strategies and internal communications in the US and China to facilitate its acquisition of an American business, GE Appliances.

Campaign details

Advertiser: Haier GroupAgency: FTI Consulting

Situation Overview

In late 2015, Haier Group ("Haier"), a longstanding client of FTI Consulting's Strategic Communications China team, called on FTI Consulting to support a major announcement of a cross-border M&A transaction. Haier Group's Shanghai listed subsidiary, Qingdao Haier, was bidding to acquire General Electric's ("GE") Appliances business ("GE Appliances") based in Louisville, Kentucky in the U.S. Once Qingdao Haier's bid was accepted, both companies wanted to ensure that communicating the transaction was handled very well and efficiently across borders. Haier called on FTI Consulting to help manage the process...

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