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GE poised to tap $57 billion overseas cash in Alstom deal

(Source: Bloomberg, April 23, 2014)

NEW YORK -- General Electric Co. can dip into the $57 billion of cash it has amassed overseas to buy Franceís Alstom SA in its biggest acquisition ever, a person with knowledge of the matter said. GE is in discussions to pay more than $13 billion for the French builder of trains and power plants, people with knowledge of the matter said yesterday.

Full story: Bloomberg

Friday, April 25, 2014

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