Reuters logo
3 years ago
Siemens preparing offer for Dresser-Rand - German magazine
July 17, 2014 / 10:05 AM / 3 years ago

Siemens preparing offer for Dresser-Rand - German magazine

FRANKFURT, July 17 (Reuters) - 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below