GE Offers $13.5 Billion Enterprise Value to Acquire Alstom Thermal, Renewables, and Grid Businesses
Submitted by aburr on Tue, 2014-05-06 12:26GE submitted a binding offer to acquire the thermal, renewables (power) and grid businesses of Alstom consisting of $13.5 billion enterprise value and $3.4 billion of net cash, totaling $16.9 billion. The Alstom board of directors has positively received GE’s offer and has appointed a committee of independent directors led by Jean-Martin Folz to review the transaction.