Siemens approaches Alstom about "strategic opportunities"


Siemens (SI) has sent a letter to Alstom (ALSMY) saying that it's willing "to discuss future strategic opportunities."

The correspondence follows a report yesterday that France's government has approached Siemens about a possible alternative offer for Alstom to one from GE.

The latter's CEO, Jeff Immelt, was set to meet French Industry Minister Arnaud Montebourg today to discuss the company's possible bid for Alstom's (ALSMY) energy assets.

From other sites
Comments (4)
  • kata
    , contributor
    Comments (1384) | Send Message
     
    Astonishing, the EU fines American companies for "anti trust issues" as the govt's within the EU collude to exclude American companies. No anti competitive issue there. And I'm sure US taxpayers cant wait to belly up for EU protection from the Russians and support to the IMF for "..our share.." of lower carbon emissions tariffs, about 2/3 of the IMF budget comes from the US while most of the pollution comes from China's burning of coal.
    27 Apr 2014, 02:02 PM Reply Like
  • Cillean Holdings
    , contributor
    Comments (54) | Send Message
     
    This is going to be very interesting to see how this plays out. I’m inclined to think they may want to keep it within the EU since Alstom first sent a letter to Siemens to query any interest. Siemens was responding.
    27 Apr 2014, 08:02 PM Reply Like
  • akwils
    , contributor
    Comments (149) | Send Message
     
    If Siemens wins sell Siemens, if GE wins sell GE. Just don't invest in the French statist economy.
    27 Apr 2014, 11:51 PM Reply Like
  • kata
    , contributor
    Comments (1384) | Send Message
     
    Didn't think the French would welcome the Germans but live and learn.
    29 Apr 2014, 12:52 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs