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GE proposes $389 million share tender for Alstom's India units

May 05, 2014    

New Delhi General Electric Coon Monday made tender offers to buy shares worth up to $389 million in two of Alstom SA'sIndia units to comply with local rules, following its $16.9 billion bid to buy the French group's energy unit.GE has offered to buy 25 percent in Alstom T&D India Ltdfrom public shareholders at 261.25 rupees a share in a deal valued at up to $278 million, according to a notice issued to Indian stock exchanges by the offer manager Credit Suisse.GE is also seeking to buy 26 percent of Alstom India Ltdat 382.20 rupees per share for up to $111 million, said a separate filin...

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