Alstom to pay special dividend in Siemens rail merger -sources - Reuters
26-Sep-2017 11:15:40
MUNICH/PARIS, Sept 26 (Reuters) - French transportation and manufacturing group Alstom ALSO.PA plans to pay its shareholders a special dividend if a deal to merge with Siemens' SIEGn.DE rail business goes through, two sources familiar with the matter told Reuters on Tuesday.
The special dividend would even out the value of Siemens and Alstom, which has too much cash on its balance sheet, to smooth the intended 50-50 joint venture, one of the people said.
"Will there be a special dividend? Yes," said the second person.