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Deals Rumor Mill: Siemens, GE, Google

By Chelsea Naso (May 19, 2014, 4:46 PM EDT) -- Germany's Siemens AG is in the final stages of putting together a formal asset-swap offer for France-based Alstom SA's energy business that would see the French government take a stake in the resulting rail-focused group, sources told Reuters on Monday. Alstom is in talks with U.S.-based General Electric Co. over a roughly $16.9 billion bid for its power arm, which the French company is expected to finish reviewing by June 2, but is facing political pressure questioning the proposed overseas deal....

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