Alstom accepts 10 billion euro GE bid for its energy unit

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.

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, which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer.

Leave a Reply