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Reports: Siemens offer to Alstom - energy for trains

  • Siemens (SI) has reportedly offered to swap its train business with Alstom's (ALSMY) energy operations and make an additional cash payment.
  • Siemens is also willing to meet or even top an offer from GE (GE) for Alstom's energy assets that values the French group at $13B, and it has made guarantees about jobs, management positions and locations.
  • Siemens would consider a straight purchase of Alstom's energy business as well; either way, the German company has the backing of the French government, although GE's bid might encounter less EU regulatory opposition.
  • GE CEO Jeff Immelt is set to meet French President Francois Hollande and Economy Minister Arnaud Montebourg today to discuss Alstom. Immelt was due to meet Montebourg yesterday, but the latter postponed the talks.
  • Previously
Comments (3)
  • Nettligent
    , contributor
    Comments (1351) | Send Message
    All French companies need 3 priorities: management, cash, and humble
    28 Apr, 04:58 AM Reply Like
  • dawndale
    , contributor
    Comments (33) | Send Message
    Background: Nursing, then Business Insurance with an old, respected and successful brokerage, but retired in 1995. A little politics some years back, now I simply stay involved and write Letters to the Editors. (Some actually are published!)
    It depends on how the opinion editors lean. I am one of those that respects our Constitution and as a Christian I look for candidates that have exhibited basic honesty and respect for the nation as a whole.
    28 Apr, 11:51 AM Reply Like
  • dawndale
    , contributor
    Comments (33) | Send Message
    Not being an insider, I don't know all that is at risk or how important the benefits now and in the future. However, GE has proven itself for many years as a company with balance. Always a good pick. As for France, well being humble isn't one of their known qualities. The government there has too much power and that means more risk.
    28 Apr, 11:51 AM Reply Like
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