Alstom shares spike on talk of GE buyout

Alstom said in a statement Thursday that it has not been "informed of any potential public tender offer for shares of the company"

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PARIS (AP) — Shares in French equipment manufacturer Alstom have spiked on reports that General Electric Co. (GE) is considering making a bid for the company.

Alstom said in a statement Thursday that it has not been "informed of any potential public tender offer for shares of the company."

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It said it would not comment further until its annual earnings report May 7.

Alstom shares climbed more than 12 percent in early Paris trading Thursday, to $37.91.

Alstom, which is based in the Paris suburb of Levallois-Perret, is a global maker of high-speed trains, power plants and grids, wind turbines and other equipment.

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