According to Bloomberg Siemens will acquire Alstom's gas turbine business for 3.9 billion euros (about $5.3 billion) under the joint proposal, and Mitsubishi will pay 3.1 billion euros to merge its operations with Alstom's other energy businesses. The offer also proposes combining Siemens' and Alstom's rail assets. GE may reportedly improve its offer to compete with the joint proposal.
GE previously offered $16.9 billion to acquire Alstom's energy assets, with a promise to create 1,000 new jobs in France within three years.
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TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."