{"id":20247,"date":"2014-04-24T11:27:27","date_gmt":"2014-04-24T15:27:27","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20247"},"modified":"2014-04-24T11:27:27","modified_gmt":"2014-04-24T15:27:27","slug":"general-electric-company-nysege-looking-for-the-biggest-acquisition-by-planning-to-buy-alstom","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/general-electric-company-nysege-looking-for-the-biggest-acquisition-by-planning-to-buy-alstom-20247","title":{"rendered":"General Electric Company (NYSE:GE): Looking For The Biggest Acquisition By Planning To Buy Alstom"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/24\/2014 (wallstreetpr) &#8211;\u00a0<strong>General Electric Company (NYSE:GE)<\/strong> is looking to buy Alstom for $13 billion. If the company succeeds to buy Alstom, it will be its biggest acquisition. A decade ago the company has tried to buy Honeywell for $53 billion. Alston is a French company involved in the construction of trains and power plants. Alstom faced many technical problems in its gas turbine business, in 2003. It was almost close to collapse when the French government and banks came for rescue in 2004. They bailed out Alstom in year 2004. Still in the present time, Alstom is selling its assets to reduce the outstanding debt.<\/p>\n<p style=\"text-align: justify;\"><b>The expected deal<\/b><\/p>\n<p style=\"text-align: justify;\">As of now the talks of the deal are not disclosed openly. The agreement might come on the surface next week. However, the market is expecting the deal price to come around $13 billion. It will be a high price as it is 25% more than the current market value of Alstom. The impact of the news was seen on the stock price of Alstom. This will be a rare acquisition deal where a U.S. rival will be taking over its competitor company.<\/p>\n<p style=\"text-align: justify;\"><b>The steps initiated<\/b><\/p>\n<p style=\"text-align: justify;\">General Electric Company (NYSE:GE)\u00a0wants to reduce the business size of its finance division known as GE Capital. The segment has resulted in a bigger loss during the global financial crisis. It wants to expand its business in the manufacturing of jet engines, locomotives and industrial equipments. Alstom deals in high speed TGV trains. The company will look to use the foreign cash reserves to crack a deal.<\/p>\n<p style=\"text-align: justify;\"><b>The time of acquisitions<\/b><\/p>\n<p style=\"text-align: justify;\">General Electric Company (NYSE:GE)\u00a0will look to acquire more fruitful companies that suit its growth model. It is the trend of the market. After the crisis, most of the companies are planning acquisitions to get better hold on the business. The industry has seen a rise of 20% in the value of takeovers in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/24\/2014 (wallstreetpr) &#8211;\u00a0General Electric Company (NYSE:GE) is looking to buy Alstom for $13 billion. If the company succeeds to buy Alstom, it will [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":19454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1665,1664],"stock_ticker":[],"class_list":["post-20247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-general-electric-company-nysege","tag-nysege","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Electric Company (NYSE:GE): Looking For The Biggest Acquisition By Planning To Buy Alstom - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/general-electric-company-nysege-looking-for-the-biggest-acquisition-by-planning-to-buy-alstom-20247\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Electric Company (NYSE:GE): Looking For The Biggest Acquisition By Planning To Buy Alstom - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 04\/24\/2014 (wallstreetpr) &#8211;\u00a0General Electric Company (NYSE:GE) is looking to buy Alstom for $13 billion. 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