Thursday, September 3, 2015   

Siemens, Mitsubishi say their Alstom offer beats GE's
(06-17 18:49)

German industrial group Siemens and Japanese firm Mitsubishi valued the energy division of French group Alstom at 14.2 billion euros on Tuesday, after presenting their rival offer for the business.
This is nearly 2.0 billion euros (US$2.7 billion) more than a bid by US giant General Electric.
But analysts said the German-Japanese offer outlined on Monday and presented to French President Francois Hollande was too complex and would break up Alstom.
The chief executive of Siemens, Joe Kaeser, told a press conference after the two groups had met Hollande that their offer was more competitive.--AFP
   
Other Business breaking news:
Nikkei rebounds (1 hr 40 mins ago)
Wall Street bounces back (09-02 21:44)
US businesses add 190,000 jobs in August (09-02 21:25)
Asia props up Lego profits (09-02 21:23)
Wild swings in European equities (09-02 20:43)
Shell determined to get benefits of Arctic oil, despite opposition (09-02 17:59)
European benchmarks rebound, but China stocks remain in the red (09-02 15:55)
Nikkei closes lower (09-02 14:16)
Region and world feels China chill, IMF chief says (09-02 13:24)
Hang Seng claws back losses, Nikkei reovers (09-02 12:48)

More breaking news >>

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