NEW YORK (TheStreet) -- Shares of Siemens AG (SIEGY) are lower in heavy volume trading as France-based Alstom is prepared to reject their request for more information about its power business, sources told Reuters, reducing the chances of a bid to rival General Electric's (GE) $16.9 billion offer.
The source said Alstom would not give Siemens the information because that would force the French power and rail firm to disclose the same data to GE. The source dismissed the request as a "negotiating tactic."
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