The Traderszone Network

Published in TZ Latest News 14 August, 2015 by The TZ Newswire Staff

Exclusive: GE expected to win EU approval for $14 billion Alstom deal

General Electric (GE.N) is expected to secure EU approval for its proposed 12.4-billion-euro ($13.8 billion) bid for French peer Alstom’s (ALSO.PA) power business, its largest ever deal, two people familiar with the matter said on Friday. The green light from the European Commission will come 14 years after it rejected General Electric’s (GE) attempt at a $42 billion takeover of Honeywell International (HON.N), despite clearance by U.S. authorities.

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