The Traderszone Network

Published in TZ Latest News 21 September, 2014 by The TZ Newswire Staff

Exclusive: Siemens near deal to buy Dresser-Rand – sources

NEW YORK/LONDON (Reuters) – The German industrial conglomerate Siemens AG (SIEGn.DE) is near an agreement to acquire U.S. A deal for Dresser-Rand, which has a market capitalization of more than $6 billion, could come as soon as Monday, some of them said. Siemens is expected to pay low- to mid-$80s per share, the sources said, compared with Dresser-Rand’s Friday closing price of $79.91, which already had been boosted by takeover speculation in the past several days. A representative for Siemens declined to comment and a representative for Dresser-Rand could not immediately be reached.