Bombardier to get less than expected in railway division sale to Alstom
Selling price falls short of $11.13 billion by $467 million of the previously announced price.
Bombardier supports assets sale for EU approval of Alstom’s takeover
Canadian transportation company reaffirms the sale remains on track to close in the first half of 2021.
Bombardier investors flinch at sale of train division to Alstom, stocks drop
Concerned about pure business jet play; higher margins but the luxury industry is more volatile than rail.
Bombardier to sell train unit to France’s Alstom, shedding biggest division
Will focus on business jets as Alstom scales up amid rising competition from China’s state-owned CRRC.
Blocked Siemens and Alstom merger a win for Bombardier: analysts [UPDATED]
Deal could reduce competition in the signaling and high-speed train markets.
Metrolinx appealing latest court loss over $770M contract with Bombardier
Judge ruled Ontario transit agency can’t cancel contract without going through dispute resolution
GE cutting up to 6,500 jobs in Europe
French government says cuts raise questions about the conglomerates pledge to create jobs following its massive Alstom acquisition.
GE completes $10.6B acquisition of Alstom’s power division
Power and water division officials say the purchase will take advantage of complementary strengths in technology and global capability.
France ends export subsidies for coal plants
It’s cleaning up its act before hosting UN climate talks.
EU clears GE takeover of Alstom’s power division
Sale based on the condition it sell parts of heavy duty gas turbines business
France to buy 20% stake in Alstom with GE bid
French government retains a say in jobs and decision-making.
Siemens, Mitsubishi sweeten Alstom bid
They’re hoping to derail GE’s $17 billion deal.
Mitsubishi, Siemens consider joint bid for Alstom units
They have separate plans for the assets acquired under the joint bid.