France obtains Alstom stake, clears GE deal


The last remaining element to the General Electric (GE)-Alstom (ALSMY) deal has now been complete, after the French government secured its 20% stake in Alstom from Bouygues (BOUYF). Bouygues will lend the shares to the French state, in order for the government to become an immediate shareholder.

After being ousted from the the deal, Siemens (SIEGY) CEO Joe Kaeser says he's still ready to negotiate with Alstom should the agreement between GE and the power equipment company fall apart.

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Comments (1)
  • arthur_bishop1972
    , contributor
    Comments (4442) | Send Message
     
    Sure...Siemens is ready to negotiate if the deals falls through...like when O.J. was looking for the real killers while out playing golf.
    23 Jun 2014, 03:34 AM Reply Like
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