Alstom said to accept ~$13B GE bid for energy business

|About: Alstom ADR (ALSMY)|By:, SA News Editor

Alstom's (ALSMY, AOMFF) board reportedly has voted to accept an offer from GE to buy its energy business for ~$13B.

The decision, expected to be announced as soon as tomorrow, came as a French government minister advocates for a rival proposal from Siemens (SI), but the preliminary deal would give GE a leg up in the politically charged battle.

The deal still would need approval from Alstom's union and other constituents.