GE Makes Revised Offer For France’s Alstom
General Electric Co. on 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.
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