Alstom accepts 10 billion euro GE bid for its energy unit

mardi 29 avril 2014

A combination of two file photographs shows the logos of Siemens AG company in Berlin and of French power and transport engineering company Alstom in Reichshoffen Sources said GE is not in exclusive talks with Alstom. The French transport-to-turbines group is also set to receive an offer from its much larger German competitor Siemens AG (SIE.DE), which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer. Alstom is expected to make a statement about the two offers early on Wednesday, before its shares, suspended since late last week, resume trading. The rival bids have triggered a fierce national debate about the fate of power turbine and train manufacturing in France - both integral to the country's engineering pedigree.








via Business News - Yahoo Finance http://ift.tt/1nEIdf6

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