PARIS, April 28 (UPI) -- German company Siemens entered the takeover war surrounding Alstom, saying it will make an offer if it gets the same access to financial information as GE did.
The development comes as French President Francois Hollande met both General Electric Chief Executive Officer Jeffrey Immelt and Siemens CEO Joe Kaeser in separate meetings Monday. The French government has made it clear that they do not favor one bid over the other but will look out for France's -- and the company's -- interests. Alstom, which has already received a binding offer from GE, asked Siemens to submit more details about its offer before giving it additional financial details, said a person close to the matter. Representatives for Siemens and Alstom refused to comment on the development.