|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.88 - 3.92|
|52 Week Range||2.51 - 3.99|
|PE Ratio (TTM)||25.82|
|Dividend & Yield||0.03 (0.80%)|
|1y Target Est||N/A|
Germany's Siemens (SIEGn.DE) is likely to pursue a multi-billion-dollar merger of its rail business with France's Alstom (ALSO.PA), with the boards of the two expected to decide on a deal on Tuesday. IS SIEMENS AT THE CONTROLS? Siemens Mobility, the rail and infrastructure division of the German conglomerate, is expected to be merged into Alstom, with Siemens left holding 50 percent plus one share.
MUNICH/PARIS (Reuters) - Siemens (SIEGn.DE) and Alstom (ALSO.PA) are expected to announce a deal merging their rail operations on Tuesday, a Franco-German industrial breakthrough for President Emmanuel Macron but a move already riling opposition politicians. Macron's centrist government has said it supports efforts to strengthen French industry through partnerships with German firms as long as jobs are safeguarded. The French state owns around 20 percent of Alstom.
French transportation and manufacturing group Alstom plans to pay its shareholders a special dividend if a deal to merge with Siemens' rail business goes through, two sources familiar with the matter told ...