Siemens (SI) Strikes $7.6B Deal To Buy Dresser-Rand (DRC)
Siemens AG (ADR) (NYSE:SI) (FRA:SIE) (ETR:SIE) agreed to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc. (NYSE:DRC) for $7.6 billion, paying $83 a share in cash.
The Munich-based company is shifting to the U.S. energy market, partly due to Germany’s strict controls over shale-gas exploration.
Siemens - Dresser-Rand cash takeover bid
German engineering company Siemens AG (ADR) (NYSE:SI) (FRA:SIE) (ETR:SIE) said in a statement it will acquire Dresser-Rand Group Inc . . .
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