Siemens, Mitsubishi Improve Alstom Offer
Siemens and Mitsubishi Heavy Industries raised their offer for Alstom’s energy businesses to compete with a revised bid by U.S. rival General Electric. Siemens-MHI and GE have been facing off in a battle for control of Alstom’s power businesses that has seen the Socialist government give itself powers to block any deal in the name of protecting local jobs and influence over a strategic sector.
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