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Industrial Conglomerates

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  • UPDATE 4-GE reshapes Alstom offer to appease France Thursday, 19 Jun 2014 | 8:34 PM ET

    *GE to sell rail signalling unit to Alstom. *Alstom board to decide by Monday, no Alstom comment. PARIS, June 19- General Electric revised its bid for the power arm of Alstom on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens and Mitsubishi Heavy Industries.

  • *U.S. group says alliance proposal agreed with Alstom management. PARIS, June 19- U.S. conglomerate General Electric reshaped its offer for the power assets of Alstom on Thursday to propose an alliance based on 50:50 joint ventures that would ringfence sensitive nuclear activities.

  • Alstom's board is due to choose by Monday between a 12.4- billion-euro cash offer for its power arm from U.S. suitor General Electric- which GE boss Jeff Immelt is expected to improve upon later on Thursday- and a rival proposal from Siemens and Japan's Mitsubishi Heavy Industries.

  • *Alstom board decision expected by Monday. PARIS, June 18- General Electric will on Thursday unveil to the French government and unions an improved offer for the energy arm of Alstom, a source close to the U.S. conglomerate said of its efforts to fend off a rival proposal.

  • PARIS, June 18- General Electric will on Thursday unveil to the French government and unions an improved offer for the energy businesses of Alstom, a source close to the U.S. conglomerate said of renewed efforts to fend off a rival proposal.

  • *Siemens eyes Alstom's gas turbines business-sources. MUNICH/ PARIS, June 16- Germany's Siemens and Japan's Mitsubishi Heavy Industries will present a joint offer to France's Alstom in Paris on Monday, challenging a General Electric bid that sparked French government concern about retaining jobs and industry expertise.

  • *Siemens, MHI CEOs to meet Alstom execs in Paris- sources. MUNICH/ PARIS, June 16- Germany's Siemens and Japan's Mitsubishi Heavy Industries will present a joint offer for France's Alstom in Paris on Monday, challenging a General Electric bid that sparked French government concern about retaining jobs and industry expertise.

  • TOKYO, June 16- Mitsubishi Heavy Industries' involvement in Siemens' bid for the power assets of France's Alstom fits in with the Japanese company's plans to build a global presence after a recent major reorganization of its business.

  • PARIS, June 15- France is continuing to press for guarantees from contenders to buy energy assets from Alstom, as Siemens and Mitsubishi Heavy Industries consider a joint move to challenge a formal offer from General Electric.

  • LONDON, June 14- Britain's Serious Fraud Office is pursuing its investigation of alleged corruption at Alstom as a major transatlantic takeover battle for the French engineering conglomerate reaches a climax, the Financial Times reported on Saturday.

  • *Mitsubishi and France would take equal stakes in Alstom- unions. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • Siemens and Mitsubishi finalize Alstom offer Friday, 13 Jun 2014 | 12:33 PM ET

    *Siemens would acquire gas turbines from Alstom, sources say. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • Siemens and Mitsubishi finalise Alstom offer Friday, 13 Jun 2014 | 12:33 PM ET

    *Siemens would acquire gas turbines from Alstom, sources say. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • *Two French papers say Mitsubishi mulling stake in Alstom. PARIS, June 12- Siemens and Mitsubishi Heavy Industries are trying to beat a bid by U.S. conglomerate General Electric for Alstom with an offer that would focus on alliances with the French engineering group, sources said on Thursday.

  • PARIS, June 12- French ministers met on Thursday to discuss the fate of cash-strapped engineering group Alstom as Siemens and Mitsubishi Heavy Industries hatched a plan to beat an offer by U.S. conglomerate General Electric.

  • PARIS, June 12- The French government met on Thursday to discuss the fate of cash-strapped engineering group Alstom but gave little indication of its feelings towards a plan being hatched by Siemens and Mitsubishi Heavy Industries.

  • MUNICH/ PARIS, June 11- Siemens is in talks with Mitsubishi Heavy Industries over a joint bid for the energy assets of France's Alstom, a move which could help the German firm overcome antitrust hurdles.

  • BERLIN, June 11- German conglomerate Siemens and Japan's Mitsubishi Heavy Industries on Wednesday said they had joined forces for a possible bid for some assets of France's Alstom. Siemens and Mitsubishi said in a joint statement they would decide on a proposal to Alstom's board of directors by Monday next week.

  • BERLIN, June 11- German conglomerate Siemens is in talks with Japan's Mitsubishi Heavy Industries on a possible joint bid for the energy assets of France's Alstom, a source close to Siemens told Reuters on Wednesday.

  • The talks, which began in earnest over the past two months, represent another milestone in Prime Minister Shinzo Abe's bid to nurture a domestic military export industry that would also bring down Japan's defence procurement costs at a time of rising tensions between Tokyo and an increasingly assertive China.