Upping the stakes. Following advice from the French government, General Electric has improved its offer for Alstom. Its new bid for the French engineering group includes two 50:50 joint ventures in grid and renewables, and a global nuclear and steam alliance. GE said it hasn't changed its valuation of Alstom - and the deal would immediately boost the U.S. giant's earnings. Although Alstom shares slid by 5% on the news.
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