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Home>Siemens to buy Dresser-Rand for $7.6 billion

Siemens to buy Dresser-Rand for $7.6 billion

3party Content

Mon, 22 Sep 2014

By Shayndi Raice German engineering company Siemens AG announced a deal to acquire U.S. oil-equipment maker Dresser-Rand Group Inc. (DRC) for $7.6 billion. The Houston-based company is fetching $83 a share, in cash. Dresser-Rand shares on Friday had shot up 9.4% to close at $79.91. The German
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