Siemens (SIEGY), Fortress Investment Group and Wabtec (WAB) are among bidders in the final stage of the auction for Alstom’s (ALSMY) U.S. rail-signaling business, which is being valued at about $600M, people familiar with the matter told Bloomberg’s Pamela Barbaglia, Albertina Torsoli and Francois de Beaupuy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAB:
- North American rail traffic up 1.8% for the week ending March 30
- North American rail traffic up 1.7% for the week ending March 23
- GXO Logistics appoints Kubacki as Chief Strategy Officer
- North American rail traffic up 6.3% for the week ending March 16
- North American rail traffic up 4.1% for the week ending March 9