Wednesday, April 30, 2014

Alstom accepts 10 billion euro GE bid for its energy unit

A combination of two file photographs shows the logos of Siemens AG company in Berlin and of French power and transport engineering company Alstom in Reichshoffen By Matthieu Protard and Maria Sheahan PARIS/FRANKFURT (Reuters) - The board of Alstom accepted General Electric's 10 billion euro ($13.82 billion) bid for its energy unit on Tuesday, several sources familiar with the situation told Reuters. Sources said GE is not in exclusive talks with Alstom. The French transport-to-turbines group is also set to receive an offer from its much larger German competitor Siemens AG , which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer. Alstom is expected to make a statement about the two offers early on Wednesday, before its shares, suspended since late last week, resume trading.








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