- GE (GE +0.2%) is in talks with the French government to refine guarantees on jobs, planned investments and access to nuclear technology to distinguish its $17B bid for Alstom’s (ALSMY) energy assets from Siemens' (SIEGY) offer, Bloomberg reports.
- In trying to meet France's demands for a better offer, GE is said to promise an independent audit to ensure it honors a pledge to create 1,000 industrial jobs in France as part of a deal, and may be willing to make commitments for future spending on France-based operations.
- While GE will not increase the cash part of its offer, it appears willing to continue discussions about several areas, including ensuring that French interests retain access to nuclear technology and a possible GE-Alstom partnership in railroad signaling.
- Meanwhile, other reports say the French government is willing to take a stake of 10% or more in Alstom alongside Mitsubishi Heavy Industries (MHVYF) as part of the Japanese firm's joint offer with Siemens.
Bloomberg: GE refining jobs, nuclear plans in Alstom deal
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