Deals
GE May Improve Bid for Alstom’s Energy Units, Minister Says
This article is for subscribers only.
French Finance Minister Michel Sapin said he expects General Electric Co. may improve its $17 billion offer as it competes with Siemens AG to buy energy assets of power-equipment maker Alstom SA.
“We’re not finished with improvements, on both sides,” Sapin said today on Europe 1 radio and i-Tele. Siemens’s offer becomes more attractive with Mitsubishi Heavy Industries Ltd. participating, he also said.