GE’s $13-Billon Deal for Alstom SA Is Its Biggest Ever
General Electric Corp (GE) is meeting with management from Alstom SA in an attempt acquire the French train and power plant maker for $13 billion. If consummated, the deal would be the biggest in GE’s long history and bring its acquisitions in 2014 to more than $75 billion. The company’s growth this year should keep investors happy, as will its ability to dodge a hefty bill from Uncle Sam. Like many multinationals, GE keeps a massive stash of cash offshore to avoid repatriation taxes. At last count, that amount was $57 billion — more than enough for Alstom and investors alike.