Electrolux shares slumped more than 10% yesterday after a $3.3bn (€2.93bn) deal to buy General Electric’s appliance business fell through.

As Electrolux prepares to fight in court to buy General Electric’s assets, the Swedish home appliance maker may prefer to sell brands than factories if it tries to reach a settlement to salvage the $3.3bn(€3.07bn) deal before the judge’s verdict.