Siemens Reportedly to Make Bid for Alstom's Power Business

Siemens SI is said to be planning a formal asset-swap offer for Alstom's 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 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