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. There’s no certainty the deliberations will result in a transaction as all suitors are still doing their due diligence, the authors note.
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