Midea Is Said to Drop Pursuit of Appliance Maker Electrolux (1)

Midea Group Co. has dropped its pursuit of Electrolux AB after finding the Swedish home appliance maker unreceptive to a deal, highlighting the persistent difficulties of Chinese takeovers.

The Chinese appliance group wasn’t able to fulfill all the demands from Electrolux and its top shareholder Investor AB, according to people with knowledge of the matter, who asked not to be identified because the information is private. The companies have been discussing terms of a potential transaction since Midea made a preliminary approach in the spring.

Electrolux and Investor AB had requested assurances on pricing and regulatory issues, with discussions ...