#Ge stock price after alstom writedown update

An IPO of the business is also a possibility.ДЄnalysts see sense in a tie-up. The group announced 1,300 job cuts last year and put assets up for sale to raise cash, including a stake in its transport business, which makes FranceвЂ™s prized high-speed TGV trains. Its train business has held up better and secured record orders.

GE has the support of Bouygues, AlstomвЂ™s biggest shareholder with a 29 percent stake, the Bloomberg report said.ДЄlstom shares leaped in early trade and closed up 10.9 percent at 27 euros compared with the potential offer price that works out at around 30.5 euros per share.ДЄlstom has been hit hard by EuropeвЂ™s economic weakness and a drop in orders for power equipment from utilities, which in turn are suffering from low electricity prices.

#Ge stock price after alstom writedown update

вЂњGE would essentially be вЂdoubling downвЂ™ on power generation, transmission, distribution and transportation.вЂќДЄlstom, which has put its transport division up for sale in an attempt to fill a hole in its balance sheet, said on Thursday it was вЂњnot informed of any potential public tender offer for the shares of the companyвЂќ and promised an update on its options when it releases annual results on May 7.ДЄ deal for the whole company could hand GE control of AlstomвЂ™s high-speed TGV trains and rail-signal technology. вЂњAlstom is levered to those themes in which GE believes,вЂќ Sanford Bernstein analyst Steve Winoker said in a research note. Such a power-focused deal could leave AlstomвЂ™s transport business as a separate publicly listed company in Paris, the person said.ДЄcquiring AlstomвЂ™s assets could propel GE toward its goal of increasing the earnings contribution from its core industrial manufacturing business to 70 percent from 55 percent last year, as it reduces its finance exposure.