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Alstom, Siemens rail-merger talk leaves Bombardier out in the cold

French newspaper Le Monde says Siemens' rail and signalling assets would be valued at around seven billion euros and Alstom would issue new shares to Siemens as part of the transaction.


ALSTOM said it's in talks with Germany's Siemens about a possible combination of their rail businesses, a tie-up that would bring together two former European arch-rivals and leave Canada's Bombardier Inc exposed to cut-throat competition from China.

The boards of Siemens...

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