On Air Now

Current Show

Jerry Bader   9:00 AM - 11:00 AM

Call The Jerry Bader Show at 1-888-455-1360

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
69° Feels Like: 69°
Wind: W 6 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

Isolated Thunderstorms 78°

Tonight

Mostly Clear 56°

Tomorrow

Scattered Thunderstorms 80°

Alerts

Toshiba wants to buy Alstom power grid business from GE: Nikkei

A logo of Toshiba Corp is seen atop of the company headquarters in Tokyo January 31, 2013. REUTERS/Shohei Miyano
A logo of Toshiba Corp is seen atop of the company headquarters in Tokyo January 31, 2013. REUTERS/Shohei Miyano

(Reuters) - Toshiba Corp <6502.T> will offer to buy Alstom's power grid business for "several hundred billion yen" if General Electric Co completes its planned purchase of Alstom's energy business, the Nikkei newspaper reported.

GE has offered to buy Alstom's energy business, which makes power generation systems along with power grids, for about $16.9 billion.

The French company said last week it was reviewing GE's offer but has also given Germany's Siemens AG until the end of May to make a rival bid.

A spokesman for GE declined to comment on the Nikkei story.

(Reporting by Ankit Ajmera in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments