Seeking Alpha

France looking for better Alstom offer

  • Reuters reports France is looking for an improvement in General Electric's (GE) and Siemens' (SIEGY) offers, although the latter sees no reason to discuss improvements to the bid, even calling it "superior" and "really comprehensive".
  • Siemens placed its joint bid with Mitsubishi (MHVYF) for Alstom's (ALSMY) energy business yesterday, however, France has declared that both bids will need tuning.
  • The talks will continue this week, with GE set to reply to its rival's offer in the coming days.
Comments (16)
  • Wise Timmy
    , contributor
    Comments (298) | Send Message
     
    France needs to accept the current GE offer; the alternative is a bail out a failing Alstrom. The Frankenstein offer from Siemens is horrific.
    17 Jun 2014, 09:27 AM Reply Like
  • borkner
    , contributor
    Comments (120) | Send Message
     
    The frankenstein offer is German. They like it complicated, traditionally. In my opinion, GE would do better without Alstom, if it weren't for the taxes
    17 Jun 2014, 09:40 AM Reply Like
  • johnwr21
    , contributor
    Comment (1) | Send Message
     
    Please help; I have been employed buy Alstom in the US for 10 years. Something that I don't see in these articles is the fact that the French Government doesn't care about Alstom's US employees. Everyone here knows that GE is the only option that will allow thousands to keep their jobs in the US. Siemens will totally shut us down. This in turn will affect our economy substantially. Not only the thousands that work for Alstom but all of the machine shops and vendors we keep a float would probably fail. I wish more consideration would be given to the US on this sell. At least if they want Siemens they should put in place actions to keep our facilities open for so long. Please help us voice our concerns. Thanks
    17 Jun 2014, 10:34 AM Reply Like
  • Nettligent
    , contributor
    Comments (1351) | Send Message
     
    Both in life and death, everything has a price and we cannot have it both way.
    Alstom management in US will present their case to protect local job and their future. GE Alstom or Siemens Alstom is far better than French Alstom. You do not have to worry much.
    17 Jun 2014, 11:27 AM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2766) | Send Message
     
    JOHNWR21

     

    Are you on the NYC train project if you are Siemens would like that piece
    because under US Transit regulations. your heavy railroad. While present Siemens systems in the US are designated light rail.
    17 Jun 2014, 04:20 PM Reply Like
  • tribefan
    , contributor
    Comments (5) | Send Message
     
    John,

     

    Thanks for enlighting the GE shareholders of this situation. I wonder if the greedy French government and, the big wigs in Fairfield, Connecticut are aware of and, have taken this into consideration.

     

    I don't buy the crap about the French government wanting to protect
    French workers jobs.

     

    I believe it's more about how much kickback they will get from who ever is the chosen winner.

     

    Immelt, WALK AWAY FROM THIS MESS. YOU'RE BEING PLAYED BOTH ENDS FROM THE MIDDLE.
    17 Jun 2014, 09:02 PM Reply Like
  • duhaus
    , contributor
    Comments (320) | Send Message
     
    "France looking for better Alstom offer" OK, sure France we'll get right back to you . . just be patient a little while longer . . no, seriously just hold one for a bit more. . crickets chirping.
    17 Jun 2014, 10:43 AM Reply Like
  • knedelkovich
    , contributor
    Comment (1) | Send Message
     
    Alstom was bailed out a while back by the French government. There is no direct ownership, but it does not matter to them....Anybody but the U.S.
    17 Jun 2014, 01:20 PM Reply Like
  • RoberHD05
    , contributor
    Comments (77) | Send Message
     
    Can someone help me out here? Does France own Alstom or do the Alstom stockholders own Alstom?
    17 Jun 2014, 10:51 AM Reply Like
  • Wise Timmy
    , contributor
    Comments (298) | Send Message
     
    I think someone over there has a Napoleon complex.
    17 Jun 2014, 11:21 AM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2766) | Send Message
     
    roberhd05

     

    it's hard to tell because France can change the rules at any time.
    the Alstom shareholders just go with the ride where ever France sends them
    17 Jun 2014, 04:22 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2766) | Send Message
     
    wise timmy

     

    many French devlope it at birth
    17 Jun 2014, 04:24 PM Reply Like
  • mojavejack
    , contributor
    Comments (29) | Send Message
     
    France is just trying to milk GE for all they can get from those "stupides américains."

     

    The Germans failed to take France in WWI or WWII, but they say "the third times the charm." As a GE shareholder I hope GE walks away and lets the Germans choke on the Alstrom money pit.
    17 Jun 2014, 11:51 AM Reply Like
  • nativearizonan
    , contributor
    Comments (18) | Send Message
     
    Both GE and Siemans should back out and let France and its finance minister choke on this deal. The overbearing government involvement is just the beginning of trouble for whichever company acquires Alstrom. Let Alstrom go bankrupt and pick it up off the auction block for a fraction of the cost France is pushing. Siemans will totally dismantle Alstrom over time. Add union interference to the government equation and it makes you wonder how the company can function in a free enterprise system. This is all an Ayn Rand nightmare. Creeping socialism.
    17 Jun 2014, 12:03 PM Reply Like
  • bgold1955
    , contributor
    Comments (2239) | Send Message
     
    For the record, Ayn was a recipient of S.S. & Medicare benefits, both of which she denounced. She paid into those programs & decided to signup for both. Although she denounced socialism (which I don't consider SS or Medicare socialism) her major issue was with communism as it tore down her family's lifestyle when it took over governance from Czarism in Russia when she was a child/young adult.
    17 Jun 2014, 02:40 PM Reply Like
  • rrr999
    , contributor
    Comments (7) | Send Message
     
    Can't make this up. Billion dollar companies carving up another Billion dollar company in a matter of days. How can crisp, accurate analysis be done in such a short time by multiple, overlapping players?
    - 3 companies in overseas bid. Conversation probably went like this:
    - I'll take this and that.
    - You take that and this.
    - I don't want that, you can have it.
    - Maybe he'll like this?
    - What do we do with these?

     

    GE should counter with a bid that's $2 Billion less than their previous bid.
    17 Jun 2014, 12:03 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs