Alstom unit faces accounting probes: inquiries in U.S. shake confidence of investors ahead of liquidation vote

Article Abstract:

Officials at France-based Alstom SA have agreed to cooperate with US investigators who are examining alleged accounting improprieties at Alstom Transportation Inc., an American subsidiary. Charges include deliberately understated expenses.

United States, Legal issues & crime, Railroads, Rail Transportation, Railroad equipment, Company legal issue, Investigations, Alstom Transportation Inc.

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Talk of Alstom bid grows more mysterious

Article Abstract:

Matthew Jean, a Dutch financier, has made an offer to acquire Alstom S.A. for 560 million euros. However, since the offer was made three weeks ago, Jean has kept a low-profile, consequently shrouding his takeover bid in mystery.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Transit vehicles, Jean, Matthew

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Alstom offers 2nd revamp attempt

Article Abstract:

Alstom S.A.'s "Restore Value" turnaround plan has been unsuccessful, according to the company. Alstom is also trying to persuade investors that it can reach a new series of restructuring goals.

Diversified Companies, Organizational history, Management, Company restructuring/company reorganization, Reorganization and restructuring, Company organization

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