Siemens responds to latest Alstom bidding

|About: Siemens AG (SIEGY)|By:, SA News Editor

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.