FRANKFURT, July 17 German engineering group
Siemens has been preparing an offer to acquire
U.S.-based compressor and turbine maker Dresser-Rand,
German magazine Manager Magazin reported on Thursday, citing
sources close to Siemens.
It said Siemens had mandated Lazard to put together an offer
for Dresser-Rand, which has a market value of $4.6 billion, and
would consider a hostile takeover if necessary.
Siemens declined to comment on the report. Dresser-Rand was
not immediately available.
(Reporting by Maria Sheahan)