Deals
Siemens Mulls Joint Alstom Energy Bid With Mitsubishi
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Siemens AG is in talks with Mitsubishi Heavy Industries Ltd. about a joint bid to buy Alstom SA’s energy business and counter a $17 billion offer by General Electric Co.
Japan’s Mitsubishi Heavy and Munich-based Siemens will decide whether to submit a joint proposal to Alstom’s board of directors by June 16, the two companies said in a statement today, confirming an earlier report by Bloomberg News. The companies didn’t give further details.