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Alstom's board of directors unanimously recommended to accept the bid by GE to take over the French company's thermal power, renewables and grid sectors for an equity value of €12.35bn ($16.8bn), rejecting a rival bid from Siemens and Mitsubishi Heavy Industries (MHI).

Alstom board recommends GE bid

Alstom's board of directors unanimously recommended to accept the bid by GE to take over the French company's thermal power, renewables and grid sectors for an equity value of €12.35bn ($16.8bn), rejecting a rival bid from Siemens and Mitsubishi Heavy Industries (MHI).

Alstom's board of directors unanimously recommended to accept the bid by GE to take over the French company's thermal power, renewables and grid sectors for an equity value of €12.35bn ($16.8bn), rejecting a rival bid from Siemens and Mitsubishi Heavy Industries (MHI).