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GE agrees to delay Alstom deal vote

Thursday - 5/22/2014, 4:11pm  ET

FAIRFIELD, Conn. (AP) -- General Electric has agreed to give Alstom three additional weeks to consider GE's $17 billion offer for the French engineering company's energy-related operations.

GE said in a statement that it would put off the deadline for a decision until June 23 at the request of the French government. The original deadline was June 2.

The French government, which is struggling to revive the country's industrial base, has expressed misgivings about the deal. It has sought other offers for Alstom, including from GE rival Siemens, and it has asked that the Alstom board put off its decision.

Alstom has called GE's offer "practically perfect."

Fairfield-based General Electric Co. has said some parts of the deal are open to negotiation. It called recent talks with the government "constructive."


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