GE moves to fend off rival bid for Alstom

among other things, the story of GE bid for France Alstrom illustrates the objection of countries for foreign companies acquiring domestic companies. We have spoken several times about the interest of countries in attracting foreign companies, and the Prudential project shows how hard they compete for attracting this investment. This, however, is only one side of the story. the GE/Alstrom saga illustrates the other side of it.

we will discuss these issues in length in our last class.