Saturday, November 1, 2014   

Mitsubishi, Siemens to offer US$10b for Alstom energy assets
(06-12 13:56)

Mitsubishi Heavy Industries and Germany's Siemens are to bid nearly US$10 billion to snap up some energy assets owned by French ''national jewel'' Alstom.
Japan's Nikkei business daily said that the joint offer of one trillion yen, which could also include electronics and machinery maker Hitachi, in what could stymie General Electric's US$17 billion offer for Alstom's energy business.
The smaller bid price was tied to the Japanese-German group's plan to buy just Alstom's gas and steam turbine business rather the wider energy group eyed by GE, the Nikkei said.--AFP
   
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