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General Electric's (GE) chief executive visited France this week, making what some are calling a "last-ditch bid" to acquire the transmission and distribution arm of Areva, a state-owned French company.

Immelt spent some time with two of the closest advisors to French president Nicolas Sarkozy, hoping to convince Sarkozy to ignore political pressure and realize the benefits of GE's $6 billion offer. The French government is rather adamant about keeping the domestic company home, asking a pairing of two French companies (Schneider Electric and Alstom) to rework their initial bid, which was the lowest.

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General Electric's Immelt talks to the French government about Areva originally appeared on BloggingStocks on Fri, 27 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ArevaFranceFrench governmentGEGeneral ElectricinthenewsJeffrey ImmeltNicolas SarkozyToshibaFri, 27 Nov 2009 12:00:00 EST