G.E. Alters Alstom Bid in Effort to Win French Support
G.E. is not changing the financial valuation of the $13.5 billion deal, but it is now proposing to create two joint ventures with Alstom: one in the power grid business and another in renewable energy.
View ArticleIn Last-Ditch Effort, Duo Raises Offer in Bid for Alstom
Siemens and Mitsubishi Heavy said they were raising the cash component of their offer for Alstom, the French industrial company at the center of their takeover battle with General Electric.
View ArticleG.E.’s Alstom Deal Blessed by French Government
The government of François Hollande backed G.E.’s offer to buy part of Alstom, the French industrial conglomerate, shutting out Siemens and Mitsubishi.
View ArticleAlstom Board Backs G.E. Offer; Final Deal in Sight
The approval of the $13.5 billion deal essentially brings the long acquisition negotiations to an end, though a final deal hinges on the French state buying Alstom shares.
View ArticleLast Barrier Is Cleared to G.E.’s Purchase of Alstom
Haggling ended over how much the French government would pay the Buoygues family for a stake in Alstom: a 25 percent premium over Friday’s close.
View ArticleIn G.E.’s Deal for Alstom, French Interventionism Wins Out
After much posturing, the French government and G.E. are both declaring victory.
View ArticleWith Alstom Deal, G.E. Gains Bigger Foothold as Utility Supplier
By adding Alstom’s steam turbine factory in Belfort, France, and a gas turbine plant in Baden, Switzerland, G.E. will have the skill and scale to expand as electric utilities worldwide embrace...
View ArticleHostile Bid for Club Med Threatens Existing Deal
Andrea C. Bonomi, an Italian private equity investor, announced a hostile offer, threatening a deal agreed to last year.
View ArticleSwiss Bank Julius Baer to Buy Businesses from Israel’s Bank Leumi
Julius Baer said its assets under management had risen and that it was acquiring the Israeli lender Bank Leumi's private banking activities in Switzerland and Luxembourg.
View ArticleUBS Being Investigated in France Over Tax Evasion
In a case similar to one brought by American prosecutors, UBS faces charges of money laundering and tax fraud for helping French clients to hide money from the French tax authorities.
View ArticleUBS Lashes Out at French Prosecutors
The Swiss bank says that the government's demands for bail in the tax evasion case were excessive.
View ArticleBattle for Club Med Heats Up as Chinese and French Investors Increase Bid
Fosun International, a giant Chinese financial and industrial conglomerate, and its French partner, Ardian, increased their bid to about $1.1 billion to counter an Italian group's offer.
View ArticleEuropean Stocks Rebound After Sell-Off
Investors seemed to have stepped back from the whirlwind of recent days to reassess whether stocks had been oversold.
View ArticleBolloré Group Makes Bid for Control of Havas
One of France’s richest men is seeking majority control of the Havas advertising group, the world’s sixth largest, in an all-share offer seen as friendly by the Havas leadership.
View ArticleEuropean Stocks Decline After Most Banks Pass E.C.B. Stress Tests
Investors were trying to assess how much confidence to place in the European banking sector after a review of banks deemed the bulk of them healthy.
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