GE says it offered concessions in bid for EU clearance of Alstom deal

• General Electric (NYSE:GE) says it has offered concessions in an attempt to seek antitrust approval from the European Union for its €12.4B ($13.5B) bid for Alstom's power unit.
• GE says the remedies it submitted, which it has not specified publicly, "address the concerns of the Commission and at the same time preserve the economic and strategic value of the deal.
• The EU competition authority is scheduled to decide by Aug. 21 whether or not to clear GE's deal.