MUNICH – Siemens' supervisory board will discuss a possible deal with French peer Alstom at an extraordinary meeting on Tuesday, three sources familiar with the matter told Reuters.
Continue Reading Below
Siemens declined to comment.
The German engineering group has made a proposal to rival an offer for Alstom made by U.S.-based General Electric. Chief Executive Joe Kaeser is due to meet French President Francois Hollande later on Monday to discuss the matter.
(Reporting by Irene Preisinger; Writing by Christoph Steitz and Maria Sheahan; Editing by Jonathan Gould)