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Siemens responds to latest Alstom bidding

  • Siemens (SIEGY +0.1%) does not feel threatened by General Electric's (GE) latest offer for Alstom (AOMFF). In fact, it feels comfortable with the way the Alstom bidding process is proceeding.
  • "So far we've had everything we want, we wanted to have a look at it, which we got," says Siemens CEO Joe Kaeser.
  • French worries regarding GE's bid seems to have cooled off on Tuesday, after GE promised to create 1,000 industrial jobs within three years and spoke of a possible French alliance.
Comments (4)
  • duhaus
    , contributor
    Comments (308) | Send Message
    Although I like the deal I principle I am very wary of GE making an "alliance" with the French govt. I have to trust that GE understands (more than me) what it's doing but I still feel that that aspect could only be a negative.
    29 May, 11:43 AM Reply Like
  • piano man
    , contributor
    Comments (62) | Send Message
    I guess it's World War Two again
    29 May, 11:44 AM Reply Like
  • Gary Schuster
    , contributor
    Comments (144) | Send Message
    Who would the alliance be aimed at--the Germans?
    29 May, 03:21 PM Reply Like
  • duhaus
    , contributor
    Comments (308) | Send Message
    And THIS is the company the French govt. would rather have acquire Alstom which is already struggling ?!?
    30 May, 10:37 AM Reply Like
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