France says it opposes G.E.’s bid for Alstom

France’s economy minister Arnaud Montebourg tells General Electric he 'cannot support' terms of current plan to buy French engineering giant.

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The French government said Monday that it would oppose General Electric’s friendly $13.5 billion offer for a large portion of Alstom, the country’s largest industrial conglomerate, saying the deal should be reconfigured on a more equitable footing, reports The New York Times.