EU deadline on GE's $13 billion Alstom deal extended to August 6Staff writer ▼ | March 18, 2015
European Union antitrust regulators have extended their deadline for a decision on General Electric's 12.4 billion euro ($13.15 billion) bid for Alstom's power equipment business after a request from the U.S. group.
Acquisition The European Commission decided:
GE said it is optimistic of obtaining EU clearance. The company has received the green light for more than 50 deals since the Commission blocked its planned $42 billion takeover of Honeywell International in 2001.