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France Gives GE Go Ahead on Alstom

The French government is allowing General Electric to proceed with its acquisition of the Alstom energy business. Final approval must still come from the Alstom board of directors, which was set to meet later on Friday. GE offered a buyout of the Alstom energy business in April. Concerned about jobs and energy independence, the French government blocked the sale for a while, to provide time for others to bid. During the interim, Siemens and Mitsubishi Heavy Industries emerged as...

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