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Stock Market & Financial Investment News

News Breaks
April 30, 2014
06:16 EDTSI, GE, ALSMYAlstom says 'considering' acquisition of Energy unit by GE
The Board of Directors of Alstom (ALSMY) announced that it has received a binding offer from General Electric (GE) to acquire its Energy activities. The scope of the transaction includes the Thermal Power, Renewable Power and Grid Sectors, as well as corporate and shared services. With 65,000 employees, these businesses registered EUR14.8B in sales in FY12/13. The proposed price is a fixed price representing an Equity Value of EUR12.35B. Should this offer be approved and completed, Alstom would refocus on its Transport activities. Alstom would use the sale proceeds to strengthen its Transport business and give it the means of an ambitious development, pay down its debt and return cash to its shareholders. The Board of Directors of Alstom, acknowledging unanimously the strategic and industrial merits of this offer and having noted the publicly announced undertakings by GE, has decided to set up a committee of independent directors, led by Jean-Martin Folz, to review before the end of May the proposed transaction. In the context of this binding offer, Alstom may not solicit offers from third parties for the acquisition of all or part of its Energy business. It has however reserved the right to respond to unsolicited offers for its entire Energy business and engage in discussions with bidders demonstrating a serious interest that could lead to a superior offer for Alstom. If, after having recommended GEís offer, following its review, the Board of directors were to support another transaction, Alstom would owe GE a break-up fee equal to 1.5% of the purchase price. The Board also reviewed a declaration of interest received from Siemens (SI), regarding an alternative transaction. Siemens will have a fair access to information needed to make, should it decide to do so, a binding offer. This declaration will be reviewed in light of Alstomís corporate interest and the interest of all stakeholders, in accordance with the commitments made.
News For ALSMY;GE;SI From The Last 14 Days
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January 23, 2015
09:06 EDTGEGeneral Electric sees GE Capital to earn $1.5B in Q1
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08:57 EDTGEGeneral Electric believes winning share in key U.S. healthcare segments
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08:51 EDTGEGE sees wind turbine market to be flat in 2015, but sees gaining share
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08:18 EDTGEGE sees Synchrony Financial split to come Jan. 1, 2016, pending approval
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07:59 EDTGEGeneral Electric says signs in U.S. Healthcare 'encouraging' since year-end
Since year-end 2014, GE said it has seen "encouraging" signs in the U.S. Healthcare market, with orders up 9% and equipment up 17%. Since year-end 2014, GE has seen stronger Aviation, with spares, RPK and freight growth continuing and the industry benefiting from lower oil prices. Noting the oil price slide, GE says it has made an "aggressive cost out" and is "ready for multiple scenarios." Comments from earnings conference call slides.
07:55 EDTGEGeneral Electric backs FY15 EPS $1.70-$1.80, consensus $1.76
GE repeats forecast for FY15 Industrial EPS of $1.10-$1.20 and GE Capital EPS of about 60c, noting that GE Capital EPS could be lower if ENI drops more quickly. GE repeats forecast for Industrial segment organic growth of 2%-5% in 2015. GE sees 2015 free cash flow plus dispositions of $12B-$15B, with CFOA of $14B-$16B, P&E of about $4B-$4.5B and dispositions for $2B-$4B. Guidance from slides for Q4 earnings conference call.
07:49 EDTGEGeneral Electric backs FY15 double digit Industrial operating EPS growth
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07:48 EDTGEGeneral Electric reports Q4 orders $31.5B, Q4-end backlog $261B
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06:35 EDTGEGeneral Electric reports Q4 EPS 56c, consensus 55c
Reports Q4 revenue $42.0B, consensus $42.16B
January 22, 2015
15:32 EDTGENotable companies reporting before tomorrow's open
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15:21 EDTGEGeneral Electric technical comments ahead of results
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12:16 EDTGEEarnings Preview: Analyst sentiment positive ahead of General Electric report
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10:03 EDTGEOn the Fly: Analyst Initiation Summary
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08:02 EDTGEGE Capital's TMT financing business says completed over 50 transactions in 2014
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06:23 EDTGEGE to pay $464M more in Alstom energy assets deal, WSJ reports
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January 21, 2015
16:13 EDTGEGeneral Electric initiated with a Buy at UBS
Target $30.
12:39 EDTGEGeneral Electric January weekly volatility elevated into Q4 and outlook
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January 20, 2015
17:26 EDTGEGeneral Electric awarded $325M government contract
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11:23 EDTGE, ALSMYEU to decide on GE, Alstom deal by February 23, Reuters reports
Antitrust regulators in the European Union will decide by February 23 whether to approve General Electric's (GE) planned acquisition of most of Alstom's (ALSMY) power equipment unit, Reuters reports. French authorities have already approved the planned deal after GE agreed to create jobs and form an energy joint venture with Alstom. Reference Link
06:48 EDTGEGE financing A350 jet with Rolls-Royce engine, Reuters reports
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