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GE to present improved offer tomorrow

General Electric (GE) will present its improved offer for Alstom (ALSMY) to the French government tomorrow, Reuters reports.

After the submission, the French government will judge the new bid in comparison to the joint offer of Siemens (SIEGY) and Mitsubishi Heavy Industries (MHVYF).

The Alstom board is expected to give its decision by Monday.

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Comments (5)
  • U2A Ventures
    , contributor
    Comments (284) | Send Message
    GE should just present their desire to have that fat check for the breakup fee written by Alstom and walk away
    18 Jun 2014, 09:00 AM Reply Like
  • kaularvind
    , contributor
    Comments (2) | Send Message
    GE should withdraw or, put 5% lower than what it offered earlier!
    18 Jun 2014, 09:03 AM Reply Like
  • steve4466
    , contributor
    Comments (106) | Send Message
    Creates an interesting situation with the 27.00 June calls expiring this week, since GE also goes ex-div tomorrow. High volumes and not clear how likely they are to be assigned. Longs have to decide tonight whether to exercise to capture the dividend before expiry.
    18 Jun 2014, 09:51 AM Reply Like
  • dawndale
    , contributor
    Comments (34) | Send Message
    Is it worth the endless bargaining, or is there a bit of "don't tell me no"? I don't know but I hope someone does.
    18 Jun 2014, 03:59 PM Reply Like
  • randolphdeleon
    , contributor
    Comments (110) | Send Message
    Agree! GE should just stand its ground submit the same bid and receive the $250 million+ breakup fee. GE can grow organically and really does not need huge acquisitions like Alstom.


    Having said that,Immelt and his cohorts would never do such a thing due to their huge corporate egos!
    18 Jun 2014, 06:09 PM Reply Like
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