General Electric (GE)
Lost amid all the first-quarter earnings reports was a large potential deal on the mergers and acquisition front involving Dow Jones Industrial Average component General Electric (GE).
GE is in talks to acquire struggling French turbine and train manufacturer Alstom (ALSMY) for $13 billion, according to a Bloomberg report. That would represent a 25% premium for Alstom and a windfall for its shareholders. Meanwhile, GE would get a large industrial asset in Europe just as its economy looks to be picking up.
M&A has been gearing up as expected in 2014, but most of the heat and light is coming from the healthcare sector. General Electric breaks the trend, and on a slower news day, this GE deal chatter would get a lot more attention.