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General Electric Co makes Rs 2,340-cr open offer for Alstom's India Ltd and T&D India Ltd - Business Standard

Tuesday, 6 May 2014 12:08am EDT 

General Electric Co:Has proposed a 23.4 bln Indian Rupees open offer to acquire the publicly-held shares in Alstom India Ltd and Alstom T&D India Ltd - Business Standard.On Monday, GE offered 6.68 bln Indian Rupees for 17.9 million shares (26 per cent of equity) of Alstom at 382.20 Indian Rupees apiece.This is a 16.49 per cent discount to the Alstom stock’s Monday closing price of 457.50 Indian Rupees on BSE.Additionally, GE offered 16.72 bln Indian Rupees for 64 million shares in Alstom T&D (25 per cent of equity) at 261.25 Indian Rupees apiece.This is 3.3 per cent lower than Alstom T&D’s current stock price of 270 Indian Rupees a share. 

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21.2 +5.26%
21 Nov 2014