Hawk Trade Says General Electric Must Raise Alstom Bid
According to Japan based Hawk Trade, French President, Francois Hollande has told General Electric that its bid for French engineering company, Alstom, is insufficient.
Hawk Trade, (www.hawktrade.com), says that despite mounting a $13.5 billion bid for French engineering group, Alstom's energy division, US industrial giant, General Electric's offer has been described as insufficient by France's President, Francois Hollande.
The energy to rail rolling stock manufacturer is facing a difficult takeover battle as speculation mounts that German engineering firm, Siemens, could throw its hat into the ring. The government is concerned that a bid from GE would isolate Alstom's train-building business and wants the US giant to offer some form of merger with its own rolling stock operations.
A Hawk Trade analyst said, €Alstom's CEO has even said they are open to another offer from a rival bidder but now that the French government has involved itself, the process could become somewhat more complicated not to mention more expensive.€
Alstom is a politically-sensitive company with a rich history of driving French engineering prowess and the French government will almost certainly demand guarantees that protect French jobs even though it does not hold a stake in the firm it helped to mount a bailout for in 2006.
€The French government has been on soliciting a bid from Siemens in Germany but we don't think they're likely to get involved again after having had their fingers burnt when they tried to purchase Alstom in 2006,€ said the Hawk Trade analyst.
Regardless, Siemens is generally known to have had its eye on the situation developing over the General Electric bid and could, perhaps, be interested in mounting a bid that could revolve around a €swap€ of energy and rail assets.
About Hawk Trade:
Since our inception in 2007, Hawk Trade has focused on delivering exceptional investment performance to our clients both corporate and individual, by coupling entrepreneurial drive with deep industry expertise and robust risk management.
High net worth clients depend on our tailored innovative solutions and on seizing the right opportunities at the most optimum moment. We align ourselves with corporate clients to help them attain all of their capital market requirements.
Our business has grown on the principles of formulating strong partnerships with our clients and maintaining these through integrity and innovation. In the pursuit of excellence for both our firm and our clients, we remain committed to the highest ethical standards.
Hawk Trade, (www.hawktrade.com), says that despite mounting a $13.5 billion bid for French engineering group, Alstom's energy division, US industrial giant, General Electric's offer has been described as insufficient by France's President, Francois Hollande.
The energy to rail rolling stock manufacturer is facing a difficult takeover battle as speculation mounts that German engineering firm, Siemens, could throw its hat into the ring. The government is concerned that a bid from GE would isolate Alstom's train-building business and wants the US giant to offer some form of merger with its own rolling stock operations.
A Hawk Trade analyst said, €Alstom's CEO has even said they are open to another offer from a rival bidder but now that the French government has involved itself, the process could become somewhat more complicated not to mention more expensive.€
Alstom is a politically-sensitive company with a rich history of driving French engineering prowess and the French government will almost certainly demand guarantees that protect French jobs even though it does not hold a stake in the firm it helped to mount a bailout for in 2006.
€The French government has been on soliciting a bid from Siemens in Germany but we don't think they're likely to get involved again after having had their fingers burnt when they tried to purchase Alstom in 2006,€ said the Hawk Trade analyst.
Regardless, Siemens is generally known to have had its eye on the situation developing over the General Electric bid and could, perhaps, be interested in mounting a bid that could revolve around a €swap€ of energy and rail assets.
About Hawk Trade:
Since our inception in 2007, Hawk Trade has focused on delivering exceptional investment performance to our clients both corporate and individual, by coupling entrepreneurial drive with deep industry expertise and robust risk management.
High net worth clients depend on our tailored innovative solutions and on seizing the right opportunities at the most optimum moment. We align ourselves with corporate clients to help them attain all of their capital market requirements.
Our business has grown on the principles of formulating strong partnerships with our clients and maintaining these through integrity and innovation. In the pursuit of excellence for both our firm and our clients, we remain committed to the highest ethical standards.
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