GE-Alstom Set to Test Immelt After EU Wrecked Welch’s Plans

The European Union spoiled General Electric Co. Chief Executive Officer Jack Welch’s retirement when it prevented his $53 billion plan to buy Honeywell International Inc.

Thirteen years later, his successor Jeffrey Immelt may be defined by his ability to prevent history from repeating itself as he seeks to acquire Alstom SA. GE may announce plans to buy the French builder of power plants as soon as next week, according to people with knowledge of the proposed deal.