Anyone Heard of the 2 Phase Commit? - Siemens "likely" to pick Alstom for rail merger - Reuters
Is this just a "First Step"?
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September 25, 2017 / 6:36 AM - Alexander Hübner, Georgina Prodhan
MUNICH/FRANKFURT (Reuters) - German industrial group Siemens (SIEGn.DE) is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom (ALSO.PA) rather than Canada's Bombardier (BBDb.TO), two sources familiar with the matter told Reuters.
The three major European train and rail technology groups have been looking at combining their businesses as larger Chinese state-backed rival CRRC (601766.SS) embarks on a global expansion.
"I think Alstom will make it," one of the people said on Monday. The second person said the Siemens' supervisory board would decide the matter on Tuesday, also describing Alstom as the frontrunner.
A Siemens spokesman declined to comment, as did Bombardier. Alstom was not immediately available to comment.
** Comment: Would this be the "only" transaction?
Remember my October 18, 2015 article... these projets take time... http://www.fliegerfaust.com/bombardier-airbus-alst...
Thinking... Sylvain Faust **