Market Overview

Siemens Reportedly to Make Bid for Alstom's Power Business


Siemens (NYSE: SI) is said to be planning a formal asset-swap offer for Alstom's (OTC: ALSMY) power business as early as this week, according to sources reported by Reuters. Sources say it is doubtful Alstom would be interested in the Siemen's offer, but a bid would give the French government leverage in its talks with General Electric (NYSE: GE), which offered $16.9 billion for the power unit.

View full article

Posted-In: News Rumors Politics M&A Global General


Related Articles (GE + ALSMY)

View Comments and Join the Discussion!

Get Benzinga's Newsletters