GE ups offer for Alstom

General Electric (GE) has improved its bid for for Alstom (ALSMY), as it commits to creating 1,000 industrial jobs in France within three years. French officials were pleased to hear the new offer saying, "Today we can see that GE's offer has been detailed, improved, strengthened."

GE CEO Jeffrey Immelt has also noted yesterday that he is willing to partner with France's government in a possible alliance.

Siemens (SIEGY) is still taking time to make a rival offer, although the company intends to make a formal bid by June 16.

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Comments (13)
  • BHT
    , contributor
    Comments (36) | Send Message
    Keep giving away the store Jeff.
    28 May 2014, 07:43 AM Reply Like
  • U2A Ventures
    , contributor
    Comments (344) | Send Message
    Creating 1000 new jobs was probably part of the intent to begin with as long as GE is able to improve the business in Europe, they would have hired anyways.
    28 May 2014, 07:49 AM Reply Like
  • BidAskDividends
    , contributor
    Comments (58) | Send Message
    It's good negotiating. He presented something they planned to do anyway, and now GE is able to use it as a bargaining chip. He won't be offering any more cash or tangible assets, at this point it is solely goodwill.
    28 May 2014, 08:17 AM Reply Like
  • cjay18
    , contributor
    Comments (541) | Send Message
    No biggie. Maybe the French government officials are just like ours and proudly trumpet small and inconsequential "successes" as though they had saved the country.
    28 May 2014, 08:18 AM Reply Like
  • jarco
    , contributor
    Comments (2235) | Send Message
    GE has a long history in France. They "gave" the TV business to Thompson along with a few smaller operations when Jeff's predecessor, correctly in my view, dumped the small appliance business. In exchange, the French government "allowed" X-Ray to majority own a joint GE/French operation. This was unprecedented in the post DeGaulle era. So, it should come as no surprise GE is again knocking on the door looking to invest the untaxed millions (billions?) sitting dormant across the pond.
    28 May 2014, 08:26 AM Reply Like
  • Jimcronin
    , contributor
    Comments (15) | Send Message
    Did GE just bid against itself!
    28 May 2014, 08:41 AM Reply Like
  • BlueOkie
    , contributor
    Comments (10506) | Send Message
    What is the work ethic of the French? Is this 1,000 losers?
    28 May 2014, 09:03 AM Reply Like
  • spparowlake
    , contributor
    Comments (393) | Send Message
    Crony capitalism.. one of GE's strengths
    28 May 2014, 09:13 AM Reply Like
  • dpluchin
    , contributor
    Comments (79) | Send Message
    Kiss the French ass Immelt! Do you know how to negotiate????
    28 May 2014, 10:31 AM Reply Like
  • joegillam
    , contributor
    Comments (1169) | Send Message
    How about a 1,000 USA jobs?
    28 May 2014, 01:06 PM Reply Like
  • erjcerjc
    , contributor
    Comments (52) | Send Message
    Looks to me like France has won its first war in two century's.
    28 May 2014, 01:51 PM Reply Like
  • bberuch
    , contributor
    Comments (314) | Send Message
    keep giving them more and they will continue to trample on you like a floor-mat!
    28 May 2014, 03:04 PM Reply Like
  • piano man
    , contributor
    Comments (70) | Send Message
    Longer this plays out GE will have to talk talk to Putin, France has a new roommate
    29 May 2014, 08:54 AM Reply Like
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