Merkel says German government would support Siemens-Alstom tie-up

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Merkel says German government would support Siemens-Alstom tie-up

<p><a href="http://news.yahoo.com/merkel-says-siemens-alstom-above-corporate-decision-095802131--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/bJAd7LyvWHeRM8oknRThZg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-10T155030Z_2_CBREA490RP200_RTROPTP_2_CANADA-US-FRANCE-GERMANY-ALSTOM.JPG" width="130" height="86" alt="German Chancellor Merkel and French President Hollande pose for pictures in front of the tall ship Gorch Fock I, in Stralsund" align="left" title="German Chancellor Merkel and French President Hollande pose for pictures in front of the tall ship Gorch Fock I, in Stralsund" border="0" /></a>By Andreas Rinke STRALSUND, Germany (Reuters) - Chancellor Angela Merkel said on Saturday the German government would support a tie-up between engineering firm Siemens and French rival Alstom if the corporate decision-makers decide that it would make sense. Cash-strapped Alstom, which makes power generation and transmission systems as well as trains and trams, is reviewing a binding $16.9-billion bid by U.S. giant General Electric for the energy activities that make up the bulk of its business. Sources close to discussions on Alstom's future said the option of the French state taking a stake in the group had been mooted but was not under serious consideration for now. Speaking at a news conference with French President Francois Hollande in the Baltic town of Stralsund, Merkel said it was above all a corporate decision and her government did not want to intervene in that process.</p><br clear="all"/>

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