GE reshapes Alstom offer to appease France

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GE reshapes Alstom offer to appease France

<p><a href="http://news.yahoo.com/ge-reshapes-alstom-offer-appease-france-004731358--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/qFp5LGZFDdv1ESd6nCw0aQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-19T081111Z_3_LYNXMPEA5I0A3_RTROPTP_2_NFL-CONCUSSION.JPG" width="130" height="86" alt="Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York" align="left" title="Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York" border="0" /></a>By Natalie Huet and Benjamin Mallet PARIS (Reuters) - General Electric GE.N revised its bid for the power arm of Alstom ALSO.PA on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens SIEGn.DE and Mitsubishi Heavy Industries 7011.T. It was the latest shot in a two-month fight for control of Alstom's energy business 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. GE's new offer would see the U.S. conglomerate fork up less cash as it would sell its rail signalling unit to Alstom and set up 50/50 joint ventures in grid, nuclear and renewable assets. However, GE would still end up with the lucrative gas turbines that account for roughly a third of Alstom's power business. Alstom's board is due to decide by Monday to pick a suitor.</p><br clear="all"/>

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