ALSTOM Gilardi & Co, LLC Form

Instructions and help about ALSTOM Gilardi & Co, LLC

here's what we know we just learned it literally in the last hour GE is pretty close to a deal for Alstom could be announced as soon as next week price tags in the range of about thirteen billion dollars u.s. we're still negotiating hammering out some final details but it's a decent premium it's 25-30 percent for Alstom which is down quite a bit their shares have been under a lot of pressure they haven't performed all that well I think they've been approached by GE in the past and generally been told no thanks but they're not as strong or they're not in the position they were in the past did they say no thanks or did they say no merci I wasn't in the middle of the room so but you that was a reason I well the reason I mentioned because I want you to tell people about how this is a French company got a lot of assets not only in Europe but around the world right well thankfully for GE they're seen as a good corporate citizen in Europe and in Paris and it's going to matter how the French g