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Bloomberg: GE refining jobs, nuclear plans in Alstom deal

  • GE (GE +0.2%) is in talks with the French government to refine guarantees on jobs, planned investments and access to nuclear technology to distinguish its $17B bid for Alstom’s (ALSMY) energy assets from Siemens' (SIEGY) offer, Bloomberg reports.
  • In trying to meet France's demands for a better offer, GE is said to promise an independent audit to ensure it honors a pledge to create 1,000 industrial jobs in France as part of a deal, and may be willing to make commitments for future spending on France-based operations.
  • While GE will not increase the cash part of its offer, it appears willing to continue discussions about several areas, including ensuring that French interests retain access to nuclear technology and a possible GE-Alstom partnership in railroad signaling.
  • Meanwhile, other reports say the French government is willing to take a stake of 10% or more in Alstom alongside Mitsubishi Heavy Industries (MHVYF) as part of the Japanese firm's joint offer with Siemens.
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Comments (8)
  • wyostocks
    , contributor
    Comments (8912) | Send Message
     
    Somehow I don't think this will work out real good for GE shareholders.
    17 Jun 2014, 02:17 PM Reply Like
  • gcmagone
    , contributor
    Comments (966) | Send Message
     
    Stacked deck !!!
    17 Jun 2014, 02:25 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (2728) | Send Message
     
    GE shld commit to creating 1000 jobs in America instead of ki$$ing French a$$.
    17 Jun 2014, 03:24 PM Reply Like
  • MisterJ
    , contributor
    Comments (869) | Send Message
     
    Or any other foreign butts for that matter.
    17 Jun 2014, 04:41 PM Reply Like
  • gcmagone
    , contributor
    Comments (966) | Send Message
     
    wyostocks, I believe your thoughts are shared by many who are following this skirmish.
    17 Jun 2014, 03:58 PM Reply Like
  • kinte
    , contributor
    Comments (63) | Send Message
     
    I am sure there are other value buys waiting somewhere else apart from the French...
    17 Jun 2014, 08:25 PM Reply Like
  • pfifla1
    , contributor
    Comments (528) | Send Message
     
    So the french would rather be in bed with the Japanese and germans... that worked so well in 1938....

     

    Alstom is a strong company but to me their transportation assets seem more valuable than the energy assets.
    17 Jun 2014, 10:11 PM Reply Like
  • june1234
    , contributor
    Comments (3153) | Send Message
     
    Works = How much we talking about here Francois?
    18 Jun 2014, 05:57 AM Reply Like
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