GE Says Alstom Board Recommends Purchase Offer - Presented by: The Aol. On Network

General Electric Co. says the board of France's Alstom SA has approved GE's $17 billion offer to buy Alstom's power generation business. GE says in a statement that if shareholders and workers' representatives approve, the deal will close sometime next year. GE says it was informed of the decision on Saturday. On Friday, the French government dropped objections and supported the company's offer.



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