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Alstom Drops Price by $329 Million to Secure GE Takeover

Alstom Drops Price by $329 Million to Secure GE Takeover

GALWAY, IRELAND--August 3, 2015--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) French engineering firm Alstom S.A. (Levallois-Perret, France) has agreed to accept 300 million euros ($329 million) less than originally agreed for its power turbines unit from General Electric Company (NYSE:GE) (Fairfield, Connecticut), in an effort to get the deal past the European Union (EU).