Deals
GE Offers $17 Billion for Alstom Assets as Siemens Plans Bid
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General Electric Co. made a 12.4 billion-euro ($17 billion) bid for Alstom SA’s energy business to open official negotiations with the French company and thwart a potential counterbid from Siemens AG.
Alstom’s board named a committee of independent directors to study the binding offer from Fairfield, Connecticut-based GE by June 2, with exclusive talks to follow if that plan wins support, the companies said today. Alstom shares jumped 9.3 percent in Paris trading.