GE agrees to extend deadline on Alstom bid to June 23

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

GE (GE +0.2%) says it has agreed to extend its bid for Alstom's (ALSMY) power business until June 23 from June 2 at the request of the French government, which has offered resistance to GE's proposal.

GE says it is moving the deadline to "facilitate ongoing discussions with the government" about its concerns; it already has offered assurances to maintain jobs in France and to guarantee access to nuclear power technology if the purchase is approved.

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