GE ups offer for Alstom

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

General Electric (GE) has improved its bid for for Alstom (ALSMY), as it commits to creating 1,000 industrial jobs in France within three years. French officials were pleased to hear the new offer saying, "Today we can see that GE's offer has been detailed, improved, strengthened."

GE CEO Jeffrey Immelt has also noted yesterday that he is willing to partner with France's government in a possible alliance.

Siemens (SIEGY) is still taking time to make a rival offer, although the company intends to make a formal bid by June 16.