Alstom to buy Bombardier rail unit for up to $6.7 billion

PARIS/MONTREAL (Reuters) - France's Alstom said on Monday it had agreed to buy the train division of Canada's Bombardier for up to 6.2 billion euros (5.16 billion pounds), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet trains that speed between French cities such as Paris and Nice, said it would pay a mix of cash and new shares for the deal, adding the combined businesses were complementary geographically. Rail firms..