24 Apr '14, 1pm

GE Reportedly in Talks to Buy France’s Alstom for $13 Billion

GE Reportedly in Talks to Buy France’s Alstom for $13 Billion

An agreement may be announced as early as next week, said the people, who asked not to be identified because the talks are private. The U.S. company may pay more than $13 billion for Alstom, one of the people said. That would be about 25 percent more than its current market value. Alstom surged as much as 18 percent in Paris trading today, the biggest jump since 2004. The deal would give the U.S. maker of jet engines and locomotives control of Alstom’s technology for power transmission and power plant maintenance as Europe’s economy starts to revive. A purchase of Alstom, which also sells high- speed TGV trains and rail signals, would be a rare example of a major French company being taken over by a U.S. rival. “Acquiring Alstom would put an exclamation point on GE’s return to deals,” said Sanford C. Bernstein analyst Steven Winoker. “It is among the best fits we have seen...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

Comments

  1. 24 Apr '14, 10pm

    I'm not sure how cheap GE is or will be down the road so I added more shares prior to the spin-off of their finance unit. There will be added value sometime in 2015 due to that spin-off settlement. http://j.mp/ge-otcmkts-alsmy

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