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.

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