Wednesday, 28 May 2014

GE offer for Alstom has improved, French official says

General Electric Chairman and CEO Immelt and staff leave after a meeting with French President at the Elysee Palace in Paris PARIS (Reuters) - U.S. conglomerate General Electric's offer for French train and turbines maker Alstom has been improved, notably concerning the impact on jobs, an official at French President Francois Hollande's office said on Wednesday. On Tuesday evening, GE Chief Executive Jeff Immelt told French lawmakers his group would make detailed commitments to increase jobs in France, including by opening new sites. He also said GE was considering a tie-up in rail signaling that would give Alstom control of that business. ...




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