Alstom Shares Soar Despite Denying GE’s Takeover Bid – ValueWalk Premium

Alstom Shares Soar Despite Denying GE’s Takeover Bid

Alstom shares surged Thursday despite the French turbine and train maker denying a report that General Electric Company (NYSE:GE) is in talks to buy the company for about $13 billion.

Alstom’s shares initially rose about 17% on the Paris exchange, even after the French builder of trains and power plants issued a statement that it was not aware of any takeover offer.
Earlier planned to sell assets
Aaron Kirchfeld, Matthew Campbell and Jeffrey McCracken of


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