The board of Alstom accepted General Electric's 10 billion euro ($13.82 billion) bid for its energy unit on Tuesday, several sources familiar with the situation told Reuters.Sources said GE is not in exclusive talks with Alstom. The French transport-to-turbines group is also set to receive an offer from its much larger German competitor Siemens AG , which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer.Alstom is expected to make a statement about the two offers early on Wednesday, before its shares, suspended since late last week, resume trading.The rival offers have triggered a fierce national debate about the fate of power turbine and train manufacturing in France - both integral to the country's engineering pedigree. The French government has said it favours the Siemens offer, which via an asset swap would create two European sector champions: Siemens in electricity and Alstom in trains.
Siemens AG (Siemens) is a globally operating technology company with core activities in the fields of energy, healthcare, industry and infrastructure. Shares of SI fell by 0.31% or $-0.4/share to $128.95. In the past year, the shares have traded as low as $99.07 and as high as $139.28. On average, 484860 shares of SI exchange hands on a given day and today's volume is recorded at 1703798.
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