DEBORAH MARCHINI, CNN ANCHOR: Time now to look at the transatlantic engagement that appears again on the brink of falling apart: GE and Honeywell. Joining us with details is "Financial Times"' Ian Rodger from London. And, Ian, on again, off again, off again.</s>IAN RODGER, "FINANCIAL TIMES": Well, the feeling coming out of Brussels yesterday after the commission briefing was that, as you say, it's off again, that the GE last-minute proposal was insufficient to make the commission change its mind. But there's still some time to go.</s>MARCHINI: What do think will happen next? Is it conceivable that they will come back with yet another plan?</s>RODGER: Well, I don't think there's time for them to come back with another plan. They may -- they might sort of tweak it a bit, because the funny thing is, what they've offered to do is sell just under 20 percent of GECAS, the aircraft-leasing thing that the -- subsidiary that Brussels is all excited about. Oh, 19.9, why not 20, why not a little more? Brussels is worried it could fall into friendly hands. They could negotiate a bit around that. But today is pretty well the deadline for GE formalizing their proposal. Then the full commission meets on Tuesday to consider the competition authority's recommendation, which at this point is "reject lock." And then there's -- if there is another proposal from GE on the table, they would then have to submit to all the national governments of the EU for their competition authorities to comment on it. And then the final, final, final deadline is July 14.</s>MARCHINI: We'll await that final ...</s>MARCHINI: ... final, final deadline with some trepidation at this point, because things have changed so many times. Ian Rodger...</s>RODGER: Us, too.</s>MARCHINI: Yes. Ian Rodger of the "FT," thank you. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
General Electric/Honeywell Deal on Brink of Collapse