Siemens AG (SIEGY) Will Offer EUR$3.9B for 100% of Alstom's Gas Business
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Siemens (SIEGY), Mitsubishi Raise Bid for Alstom to EUR14.6B
June 19, 2014 2:08 PM EDT(Updated - June 20, 2014 6:42 AM EDT)
Mitsubishi Heavy Industries (MHI) and Siemens (OTCBB: SIEGY) submitted an offer letter specifying further the proposed transaction to Alstom. With the specified offer MHI and Siemens reaffirm their commitment to strengthen Alstom as an independent Global Player in Energy and Transport. After extensive discussions with all stakeholders over the past days MHI and Siemens reviewed their proposal with regards to reducing complexity, strengthening execution and narrowing risk exposure. Based on this, MHI and Siemens decided to... More
