Jeffrey Immelt clinched General Electric Co.’s biggest acquisition ever, the $17 billion purchase of Alstom SA’s energy assets, after the resolution of the French government’s last condition for the deal.
Jeffrey Immelt arrived in France today as the General Electric Co. chief executive officer makes a final push to sell the government and unions on its bid for Alstom SA’s energy assets over an offer led by Siemens AG.
General Electric Co. is in talks with France to refine guarantees on jobs, planned investments and access to nuclear technology under its $17 billion bid for Alstom SA’s energy assets ahead of a June 23 offer deadline, people familiar with the matter said.
July 19 (Bloomberg) -- Nicholas Heymann, an analyst at William Blair & Co., talks with Bloomberg's Tom Keene about the markets, the industrial sector getting a boost from China's slowdown and what's ahead for General Electric. He speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)
Coal-dependent power companies from American Electric Power Co. to Duke Energy Corp. face billions of dollars in added costs from the Obama administration’s proposed climate rules. Renewable-energy backers and nuclear generators like Exelon Corp. stand to gain from the effort to shift the foundations of the U.S. energy industry.