Arab Today, arab today ge in talks to buy french engineering company alstom
Last Updated : GMT 00:13:00
Arab Today, arab today
Arab Today, arab today

GE in talks to buy French engineering company Alstom

Arab Today, arab today

Arab Today, arab today GE in talks to buy French engineering company Alstom

Fairbanks - UPI

General Electric is in talks to buy French company Alstom, which builds trains and power pants, in what could be the former's largest acquisition ever. While Alstom has said that it is not aware of any potential deal, Bloomberg reported the two companies have discussed a potential deal with the French government. People close to the deal said that the GE could pay $13 billion for Alstom and the announcement could be made next week. The $13 billion price tag would be 25 percent higher than Alstom's current market value, and not surprisingly the stock surged 18 percent in Paris, the highest jump since 2004. GE has started to shift its focus to making jet engines, trains and industrial equipment and has shrunk its financial services division, GE Capital, which brought the company close to disaster during the financial crisis. The deal would give GE access to Alstom's power transmission and power plant maintenance technology and would be a rare instance of a major French company being acquired by a U.S. rival. "Acquiring Alstom would put an exclamation point on GE's return to deals," said Sanford C. Bernstein analyst Steven Winoker. "It is among the best fits we have seen with the GE portfolio for some time." GE CEO Jeffrey Immelt could use the company's $57 billion foreign cash reserves to finance the deal, according to a person close to the matter. Immelt had earlier said the company was looking for acquisitions in the range of $1 billion to $4 billion but was willing to spend more for companies "that have excellent values, strong synergies, fit our growth strategies and are immediately accretive." Alstom employs 93,000 people and has business interests in about 100 countries. It is responsible for manufacturing TGV trains and supplies Eurostar trains as well.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ge in talks to buy french engineering company alstom Arab Today, arab today ge in talks to buy french engineering company alstom

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ge in talks to buy french engineering company alstom Arab Today, arab today ge in talks to buy french engineering company alstom

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday