Paris picks GE for Alstom

Business / Corporate Jun 21, 2014

Paris picks GE for Alstom

France chose General Electric to form an alliance with the power and rail company Alstom on Friday, rejecting an offer from Siemens and Mitsubishi Heavy Industries (MHI), but said the deal still needs some work and the government will buy a 20 percent stake ...

Business / Corporate Jun 20, 2014

MHI-Siemens' offer for Alstrom improved

Mitsubishi Heavy Industries Ltd. and Siemens AG have improved their offer for Alstom SA on Friday, raising the stakes in the takeover battle with General Electric Co. for the French maker of high-speed trains and power equipment. Siemens and Mitsubishi Heavy raised the cash component ...

JBIC ready to fund MHI-Siemens bid for Alstom

Business / Corporate Jun 19, 2014

JBIC ready to fund MHI-Siemens bid for Alstom

The Japan Bank for International Cooperation is ready to support Mitsubishi Heavy Industries Ltd.'s joint bid with Siemens for France's Alstom SA. "The global restructuring of the heavy electric machinery industry is taking place, and we have a mission to increase a number of globally ...

Business / Corporate Jun 12, 2014

Rival GE plans more lobbying

General Electric Co. plans another round of lobbying meetings with French officials on its $17 billion offer for Alstom SA's energy assets as Siemens AG weighs a bid with Mitsubishi Heavy Industries Ltd., a source familiar with the matter said. Steve Bolze, chief executive officer ...