Germany’s Siemens AG (SIE.DE) is maneuvering to beat General Electric’s (GE) $13 billion offer to acquire France’s train and energy asset producer Alstom SA (ALO). Munich-based Siemens reportedly is weighing an asset swap, a guarantee that jobs will not be lost and offering assurance that key European transportation and energy assets would remain under European ownership. Siemens is preparing to bid for Alstom assets, under the condition that it gains the same access to financial information that GE obtained, according to people familiar with the plans. Siemens leaders will decide on a bid after a board meeting set for today, the people said. Alstom’s board met during the weekend and announced plans to make a decision by Wednesday, April 30. In the wake of Siemens’s overtures for Alstom, France’s President Francois Hollande held talks with GE CEO Jeffrey Immelt on Monday morning. However, France’s Industry Minister Arnaud Montebourg seemed to side with Siemens when he wrote on his official Twitter account that Alstom’s CEO Patrick Kron was committing “a breach of national ethics” by seeking to sell the company behind the backs of its shareholders, its employees and the French government. Alstom, which has been hurt by huge debts and falling demand, was bailed out by the French government in 2004. Outsized by bigger competitors, Alstom has suffered from a slump in orders for power equipment, after the 2008 economic slump that depressed electricity prices.
Like This Article? Now Get a FREE Special Report: 3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Joining me on PowerTalk to discuss this and more is Jeff Zwelling, CEO and Co-founder of Convertro, a company that includes Intuit, Comcast, Digitas and many many others as customers.
Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Product Details
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
Get free access to "Millionaire Maker" Hilary Kramer's latest report 3 Biotech Breakthroughs To Bank On. Simply tell us where to send it in the box below.
*Along with my FREE report, Hilary Kramer's
3 Biotech Breakthroughs to Bank On, please also send Hilary's free weekly e-letter, Trading Desk. We value your privacy. You will not be spammed, ever. Period.