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.
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