The respected Frankfurter Allgemeine Zeitung newspaper says the French group regards the offer as an unacceptable dismantling of Alstom, citing unnamed company sources.
Top management at Alstom is said to take that view because its gas turbine activities would be sold off to Siemens under the offer, and thus separated from the rest of the company.
"How could one see the foreseen separation of the gas turbine business in a different way," an Alstom source is cited as saying.
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