NEW YORK (TheStreet) -- Shares of Siemens AG (SI) - Get SILVERGATE CAPITAL CORP. Report are up 2.48% to $132.15 in pre-market trade today as the technology company said it will make an offer to Alstom if the France-based manufacture of transport and energy infrastructure agrees to give Siemens access to the company's data room and permission to interview the management during a period of four weeks.

Alstom said it would study a $16.9 billion offer from General Electric (GE) - Get General Electric Company (GE) Report for its energy arm but left the door open for a rival bid from Siemens, according to Reuters.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Recommends

GE's shares are up slightly this morning.

Alstom gave Siemens until the end of May to propose its own deal after the government of President Francois Hollande balked at the GE's overtures last week, Reuters said.

Image placeholder title

SI data by YCharts

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months.Learn more.

Tags
terms: