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France’s Hollande: awaiting Siemens’ Alstom offer

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France’s Hollande: awaiting Siemens’ Alstom offer

BERLIN (AP) — President Francois Hollande says France is awaiting a detailed offer from German industrial conglomerate Siemens for France’s Alstom, but won’t prejudge the outcome of a potential takeover battle with General Electric Co.

Hollande says GE’s offer for the energy-related businesses of engineering company Alstom isn’t good enough, though Alstom favors it. Siemens is considering making an offer for its power-generating business.

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Europe France Francois Hollande