A man walks past the Alstom company headquarters of the leading global maker of high-speed trains, power plants and grids, outside Paris, France, Thursday, April 24, 2014. (AP Photo/Jacques Brinon)
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Shares in Alstom jumped more than 14 percent Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.A deal could hand GE control of Alstom's high-speed TGV trains and rail-signal technology, and has the support of Bouygues, Alstom's biggest shareholder with a 29 percent stake, the report said.However, one person familiar with the industry said GE's ultimate aim might be to buy Alstom's power business rather than its power arm – a deal that would leave its transport business as a separate publicly listed company in Paris. GE has the cash Alstom needs, and a deal could help the U.S. group get infrastructure assets cheaply and make cost savings in power generation. For instance, GE is looking to expand in smart grid technology, where Alstom is a strong player.
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