Siemens may need no bridge for $7.6bn Dresser-Rand buy

Richard Metcalf

September 23, 2014 02:15 pm

Siemens HQ 230x150 — Der Name Siemens steht seit mehr als 160 Jahren für technische Leistungsfähigkeit, Innovation, Qualität, Zuverlässigkeit und Internationalität. Mit der Bündelung der Unternehmensaktivitäten in die vier Sektoren Energy, Healthcare, Industry und Infrastructure and Cities haben wir rechtzeitig die Weichen dafür gestellt, profitables und nachhaltiges Wachstum zu erreichen. For over 160 years, the Siemens name has stood for technical competence, innovation, quality, reliability, and an international perspective. By concentrating corporate activities in the four sectors of Energy, Healthcare, Industry and Infrastructure and Cities, we have set a well-timed course for achieving profitable and sustainable growth. | CHRISTIAN TILLE /Siemens AG

German machinery maker Siemens has offered the shareholders of Dresser-Rand, the US oil and gas industry engineering company, $83 a share, valuing the business at $7.6bn (€5.9bn).

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Richard Metcalf

People & Markets Editor GlobalCapital