in News Departments > New & Noteworthy
print the content item

Alstom has issued a statement denying reports that GE is in talks to buy the France-based industrial company. Both conglomerates are major wind turbine manufacturers.

Citing unidentified people with knowledge of the matter, Bloomberg reported that the deal could see GE pay about $13 billion and would be the U.S.-based company's largest-ever acquisition.

Although Alstom's stocks jumped in Paris following the report, Alstom has released a statement saying, “In response to recent speculation in the economic press, Alstom is not informed of any potential public tender offer for the shares of the company.”

However, the company adds, “The group constantly reviews the strategic options of its businesses. Alstom plans to communicate as scheduled on May 7 its annual results and will use this opportunity to give an update on the prospects of its activities.”

Bloomberg’s anonymous sources said that a transaction could be announced as early as next week. When reached for comment, GE said it does not comment on rumors and speculation.




Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008