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.

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Comments (4)
  • duhaus
    , contributor
    Comments (320) | 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 2014, 11:43 AM Reply Like
  • piano man
    , contributor
    Comments (70) | Send Message
    I guess it's World War Two again
    29 May 2014, 11:44 AM Reply Like
  • Gary Schuster
    , contributor
    Comments (190) | Send Message
    Who would the alliance be aimed at--the Germans?
    29 May 2014, 03:21 PM Reply Like
  • duhaus
    , contributor
    Comments (320) | Send Message
    And THIS is the company the French govt. would rather have acquire Alstom which is already struggling ?!?
    30 May 2014, 10:37 AM Reply Like
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