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.
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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.