GE Nears $17 Billion Deal to Buy Alstom's Energy Assets after France Wins Buying Option

SUGAR LAND--June 24, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The French government won an option to buy up to 20% of Alstom S.A. (Levallois-Perret, France) from industrial group Bouygues S.A. (Paris, France). With this agreement, General Electric (NYSE:GE) (Fairfield, Connecticut) has jumped the last hurdle that would prevent its $17 billion purchase of Alstom's energy assets.

Other companies featured: Siemens AG (NYSE:SI)