Immelt in Paris discussing a GE takeover.
GE's got a P/E of 16-1, Alstom's got a P/E of 10-1
The numbers definitely favor a takeover.
The deal makes sense for shareholders both ways.
The problem will be the French government and the French unions.
The good news is that ALO shareholders have already had a nice payday from GE.
GE-WE bring good things to life!!!