Siemens’ joint bid to acquire French turbine operator Alstom has now topped General Electric’s offer, according to reports.

Germany-based Siemens announced last week it was partnering with Japan’s Mitsubishi Heavy Industries to acquire Alstom’s energy operations. The joint offer reached $19.3 billion, ahead of GE’s $16.7 billion proposal. France is mulling …read more

Source: Global Competition Law Blogs