Siemens deal collapse fuels Alstom-Bombardier tie-up talk, shares rally
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February 6, 2019 - by Reuters
Following the news, Berenberg analysts upgraded Alstom to a 'buy' rating and set a new price target of 42 euros ($47.9), noting that Alstom may now seek an alternative deal with Bombardier's Berlin-based transportation division.
LONDON/MONTREAL (Reuters) - The European Commission's decision to block a tie-up between Alstom and Germany's Siemens is fuelling speculation over possible merger talks between the French rail business and Canada's Bombardier, lifting both companies' shares on Wednesday.