Top Mergers and Acquisitions: General Electric (GE) and Alstom
General Electric’s (GE) bid to acquire most of Alstom’s energy business may have put a dent in French national pride at first (Alstom is sort of the GE of France), but it was nothing $13.5 billion couldn’t fix.
If there’s a worry for GE shareholders, it’s that most mergers and acquisitions don’t quite work out as planned — and integrating Alstom could be a bigger headache than most, given the French take on capitalism.
GE intends to make “a globally competitive power and grid enterprise,” but to do so, it must collaborate with French government regulators and work councils representing some 15,000 Alstom employees. Should be interesting.