Reginal Thomas
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General Electric Buys Alston's Energy Assets For $17 Billion


General Electric won its $17 billion bid to purchase all of Alstom SA's energy assets has shareholder Bouygues SA agreed to sell its stake to the French government, this is the biggest acquisition in GE's history. The French government is purchasing a 20% stake in Alston from Bouygues, meeting a condition set by the government to back the deal. GE also faced competition from Siemens AG, which led to GE raising its initial offer.