French engineering firm Alstom SA said Wednesday it was ready to accept General Electric Co.'s (GE) bid to buy its energy business, but bent to its government's order to put any deal on hold for review.
Alstom has tasked a committee of independent board members with examining a deal that CEO Patrick Kron negotiated over the last month with GE, which has offered 12.35 billion euros ($17 billion) for Alstom's power turbines business.
http://www.cbsnews.com/news/frances-alstom-ready-to-accept-17b-deal-with-ge/
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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