Siemens and Mitsubishi finalize Alstom offer

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Siemens and Mitsubishi finalize Alstom offer

<p><a href="http://news.yahoo.com/siemens-mitsubishi-finalize-alstom-offer-163657042--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/8VGJFzvQh8S3q2Ui2AEdxQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-13T163657Z_1_LYNXMPEA5C0UD_RTROPTP_2_FRANCE.JPG" width="130" height="86" alt="The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen" align="left" title="The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen" border="0" /></a>By Jens Hack and Benjamin Mallet MUNICH/PARIS (Reuters) - Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros ($12.25 billion), sources close to the bidders said. Under the complex offer, which would counter an existing $17 billion offer from U.S. conglomerate General Electric for Alstom's power arm, Siemens would acquire Alstom's gas turbines business while Mitsubishi would inject cash and industrial assets into a joint venture in steam turbines, the sources said. As part of the deal, Mitsubishi and the French government would take equal stakes in Alstom, acquiring a portion of the 29 percent holding of French group Bouygues , union representatives said after meeting with Economy Minister Arnaud Montebourg.</p><br clear="all"/>

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