Alstom shares jump on report of $13 billion GE bid

[riky]

Alstom shares jump on report of $13 billion GE bid

<p><a href="http://news.yahoo.com/alstom-shares-jump-report-ge-bid-121035296--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/F8xU3HikVusEDn5o.WlL1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-24T210441Z_5_CBREA3N0GA500_RTROPTP_2_ALSTOM-SALES.JPG" width="130" height="86" alt="The logo of French power and transport engineering company Alstom is pictured on a wall of the company's plant in Reichshoffen, near Haguenau" align="left" title="The logo of French power and transport engineering company Alstom is pictured on a wall of the company's plant in Reichshoffen, near Haguenau" border="0" /></a>By Natalie Huet and Benjamin Mallet PARIS (Reuters) - Shares of Alstom jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion. The companies may announce the deal as early as next week, Bloomberg cited people with knowledge of the matter as saying late on Wednesday. If confirmed, a takeover offer from a foreign company would raise concern among politicians and unions in France, where Alstom employs around 18,000 people, or 20 percent of its global workforce. While Alstom is well known for both its transport and power turbine business, the latter is likely to be of most interest to GE, one person familiar with the industry said.</p><br clear="all"/>

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