GE makes revised offer for France’s Alstom

FILE - This file photo from Wednesday, April 30, 2014, shows the company logo of Alstom at the headquarters of the leading global maker of high-speed trains, power plants and grids, in Levallois-Perret, outside Paris, France. (AP File Photo/Christophe Ena)
FILE - This file photo from Wednesday, April 30, 2014, shows the company logo of Alstom at the headquarters of the leading global maker of high-speed trains, power plants and grids, in Levallois-Perret, outside Paris, France. (AP File Photo/Christophe Ena)

PARIS (AP) — General Electric Co. Thursday submitted a revised offer to buy the power generation business of France’s Alstom SA that the American company hopes will be enough to win approval from the French government and see off a rival bid by Germany’s Siemens AG.

GE says its new offer revises the $17 billion cash offer for Alstom’s power business it made in April, adding new guarantees on sensitive concerns over jobs and decision-making, while leaving the deal’s overall value unchanged.

GE reiterated its demand that Alstom’s board take a decision on accepting the deal by June 23.

WLFI.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus