Siemens to decide by Sunday on potential Alstom energy business bid
Siemens, the listed German technology group, is to decide by Sunday how to proceed next with regards to a potential purchase of French rival Alstom's energy business, Boersen-Zeitung reported.
Citing unidentified sources, the German-language daily said it remains to be seen whether Siemens will really make a counter-offer to that of Connecticut-based GE, or will withdraw.
This weekend, according to the daily's information, Siemens Chief Executive Joe Kaeser will present details of his plans to the company's board. Siemens stated two weeks ago that, at the latest, by this coming Monday it may present a binding bid, the report noted.
Source Boersen-Zeitung