He has two directives: To grow the business and harness technologies from GE's other businesses to better serve his customers.» Read More
PARIS, April 30- General Electric's overtures to the power business of France's former industrial beacon Alstom have shown again how the French state, for all its interventionist zeal, has limited room for manoeuvre against big business.
*Alstom says committee to review offer before end-May. PARIS, April 30- Cash-strapped French engineering group Alstom said on Wednesday it would explore a $16.9 billion offer from General Electric for its energy arm while leaving the door open to a rival bid from Germany's Siemens.
GE's $13.5 billion bid for a French energy group would make the U.S. company the biggest industrial player in emerging markets, CEO Jeff Immelt says.
Jeffrey Immelt, General Electric chairman & CEO, discusses how the synergies between GE and Alstrom will likely drive earnings and increase the company's industrial mix.
*Alstom says committee to review offer before end-May. *Alstom says would refocus on transport, repay debt. PARIS, April 30- Cash-strapped French engineering group Alstom said on Wednesday it would study a $16.9 billion offer from General Electric for its energy arm but left the door open for a rival bid from Germany's Siemens.
NEW YORK, April 30- The head of General Electric said on Wednesday talks with the French government on its offer for Alstom's energy assets had been "productive" and expressed confidence that the deal would go through despite a potential rival offer from Germany's Siemens.
NEW YORK, April 30- The head of General Electric said on Wednesday that talks with the French government on its offer for Alstom's energy assets had been "productive" and expressed confidence it would go through despite a potential rival offer from Germany's Siemens.
*Talks not exclusive, Alstom can hold talks with Siemens. 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 may grant Siemens 2-3 weeks to provide details. PARIS/ LONDON, April 29- Alstom is likely to give Germany's Siemens two to three weeks to draw up a detailed plan to buy the French engineering group's power business, sources close to the talks said on Tuesday.
PARIS, April 28- France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany's Siemens over U.S. giant General Electric.
General Electric hopes that three letters - CFM - will convince French leaders to back its offer to rescue Alstom.
*Immelt hoping to convince France to back Alstom offer. *Industry experts say Alstom deal may have to be different. PARIS, April 29- As General Electric tries to convince French leaders to back its offer to rescue engineering firm Alstom, it hopes that three letters will convince them of its good will: CFM.
PARIS, April 28- France said it would defend jobs and its national interest as it met suitors for engineering group Alstom on Monday, suggesting Germany's Siemens may have an edge over U.S. giant General Electric.
PARIS, April 28- General Electric, the U.S. group that is eyeing the power turbine assets of France's Alstom, said on Monday that CEO Jeff Immelt had held a "productive" meeting with French President Francois Hollande on his firm's potential investment in Europe's second-biggest economy.
PARIS, April 28- France will block any deal involving engineering group Alstom it considers unfit, Economy Minister Arnaud Montebourg said ahead of a meeting between President Francois Hollande and General Electric's chief executive to discuss Alstom's future.
PARIS, April 28- President Francois Hollande and his Economy Minister Arnaud Montebourg are set to meet with General Electric Chief Executive Jeff Immelt on Monday to discuss the future of French engineering group Alstom, a presidential official said.
*French minister confirms GE wants to buy Alstom power arm. *President Hollande gathers ministers to discuss Alstom. PARIS/ FRANKFURT, April 27- Siemens and the French government intervened in General Electric's plan to buy the power arm of Alstom on Sunday with an alternative European "champions" tie-up proposal and a pledge to act in France's national interest.
PARIS/ FRANKFURT, April 27- Siemens and the French government intervened in U.S.-based General Electric's plan to buy the power arm of France's Alstom on Sunday by offering an alternative tie-up between European "champions" and a pledge to act in France's national interest.
PARIS April 27- German engineering group Siemens is offering Alstom half of its train-making business plus cash in exchange for its French rival's power turbines division, Le Figaro newspaper reported on Sunday.
PARIS, April 27- France's Economy Minister Arnaud Montebourg confirmed for the first time on Sunday that both General Electric and Siemens were interested in engineering group Alstom and said he would not allow any hasty decisions. In a statement, he said he first learned of GE's interest on Thursday and then of Siemens' proposal earlier on Sunday.