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 http://www.reuters.com/article/2014/05/18/us-alstom-siemens-exclusive-idUSBREA4H06Y20140518

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

 

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