In 2001, the European Commission rejected General Electric Co.’s proposed acquisition of Honeywell International Inc. over loud protests from the Bush administration.
On Tuesday, U.K. government-owned British Nuclear Fuels plc decided to sell Westinghouse to Toshiba Corp., after Commerce Secretary Carlos Gutierrez endorsed GE’s bid. For GE’s next European foray, the company might consider enlisting the help of a friendly government. GE shares fell nearly 1% to close at $32.96. —Jeffrey Kanige
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