A la demande du gouvernement français, nous avons convenu, en concertation avec Alstom, de prolonger le délai d'étude de notre offre par le conseil d'administration d'Alstom jusqu'au 23 juin. Nous avons pris cette décision pour permettre d'approfondir les discussions constructives, que nous avons actuellement avec le gouvernement. Le projet industriel que nous avons presente est bon pour Alstom, bon pour la France ainsi que pour GE. Nous considérons que ce nouveau délai est une bonne chose.
At the request of the French government, we have agreed, in consultation with Alstom, to extend the deadline for consideration by the Alstom board of our proposal until June 23. We have done so to facilitate ongoing discussions with the government. The industrial project we have presented is good for Alstom, for France and for GE, and our discussions have continued to be constructive. We view this extension positively.
Seth Martin
GE Corporate, Director Financial Communications
[email protected]
+1 646 682 5602
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GE Bids to Acquire Alstom’s Energy Units for $13.5 Billion
GE said in a press release that the Alstom board “positively received” its offer and appointed a committee of independent directors to review the bid by June 2. The deal is expected to close in 2015.
- $13.5B enterprise value, all-cash transaction valued at 7.9x pro forma EBITDA (12 months ending September ’13)
- Immediately accretive to GE earnings; incremental $.08-$.10 of earnings in 2016; expect approximately 75% of operating earnings from GE Industrial by 2016
- Integration will yield efficiencies in supply chain, service infrastructure, commercial reach, and new product development to generate more than $1.2B in annual cost synergies by year five
- Strong operating assets that bring complementary technology, global capability, a large installed base and tal
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