Key Developments: Siemens AG (SIEGn.DE)

SIEGn.DE on Xetra

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27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Siemens AG announces guidance for FY 2014/2015
Thursday, 6 Nov 2014 03:00am EST 

Siemens AG:Expects that in FY 2014/15 portfolio adjustments remain the key share price driver.  Full Article

Mauna Kea Technologies announces collaboration with Siemens Healthcare
Monday, 3 Nov 2014 12:00pm EST 

Mauna Kea Technologies SA:Announces collaboration with Siemens Healthcare to evaluate endomicroscopy with Cellvizio in interventional radiology.Doctors will use Cellvizio with Siemens AX and scanner devices in a variety of interventional radiology procedures.Trials will focus on examinations of lungs, liver and kidneys.  Full Article

MidAmerican Energy signs long-term service contract with Siemens AG for Iowa wind projects
Thursday, 30 Oct 2014 02:00pm EDT 

Siemens AG:Signs long-term agreement with MidAmerican Energy to provide service and maintenance for 958 SWT-2.3 turbines at 12 wind projects in Iowa.Combined, these 12 wind projects have a capacity of more than 2.2 GW, enough to provide about 665,000 average Iowa homes with clean energy.Under terms of the agreement, Siemens will provide about 10 years of service and maintenance for eight MidAmerican wind projects currently in operation as well as four additional projects that are scheduled to become operational during the term of the agreement.Siemens service technicians and engineers will be working and living in and around these Iowa wind projects over the course of the agreement providing significant and sustained economic benefits to the region.  Full Article

Areva and Siemens update claim in OL3 arbitration
Monday, 27 Oct 2014 04:15am EDT 

Areva SA:In the frame of the ongoing ICC arbitration proceedings related to the construction of the OL3 nuclear power plant, the Supplier Consortium Areva & Siemens updated on Oct. 23 its claim against Finnish utility TVO.For events occurring during the construction period up to June 2011, the Supplier claims a total of about 3.5 billion euros arising from additional work, disruption and prolongation of the project.On Oct. 21, TVO announced that its counterclaims may increase to 2.3 billion euros for the period until the end of 2018.The arbitration proceedings may continue for several years.  Full Article

Siemens AG announces confirmation of cancellation of listing on London Stock Exchange-DJ
Wednesday, 8 Oct 2014 02:00am EDT 

Siemens AG:Announces that listing of Siemens' ordinary shares of no par value on Official List of UK Listing Authority and admission to trading on London Stock Exchange's main market have in each case been cancelled with effect from 8 a.m. (London time), Oct. 8 - Dow Jones.  Full Article

Siemens AG to sell stake in BSH Bosch und Siemens Hausgeraete GmbH to Bosch
Sunday, 21 Sep 2014 08:00pm EDT 

Siemens AG and Robert Bosch GmbH:Say have agreed that Robert Bosch GmbH will acquire Siemens’ 50 pct stake in joint venture BSH Bosch und Siemens Hausgeraete GmbH (BSH).Say purchase price will total 3 billion euros.Say Siemens and Bosch to each receive from BSH additional distribution of 250 million euros before transaction is completed.Say completion of transaction expected in first half of calendar year 2015.Say BSH to become wholly owned subsidiary of Bosch Group.  Full Article

Dresser-Rand signs agreement to sell to Siemens
Sunday, 21 Sep 2014 07:52pm EDT 

Dresser-Rand Group Inc:Announces that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash.Says the transaction is valued at about $7.6 billion, including the assumption of debt.Says the price represents a premium of 37.4 pct over Dresser-Rand's closing share price of $60.42 on July 16, the day before speculation in the press appeared regarding interest in Dresser-Rand.Says additional per share cash consideration of $0.55 shall be applied on the first day of each month starting March 1, 2015, until the closing occurs.Says transaction is expected to close in the summer of 2015.Morgan Stanley & Co. LLC and Zaoui & Co. acted as financial advisors to Dresser-Rand. Wachtell, Lipton, Rosen & Katz, and Gibson, Dunn & Crutcher LLP, served as legal counsel to Dresser-Rand.  Full Article

Cerner Corp receives regulatory clearance for acquisition of Siemens AG's Siemens Health Services
Thursday, 18 Sep 2014 06:44pm EDT 

Cerner Corp:Says that the U.S. Federal Trade Commission granted early termination of waiting period under Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, as amended.In connection with the company's purchase of assets of Siemens AG's health information technology business unit, Siemens Health Services, for $1.3 billion in cash.Early termination of HSR waiting period satisfies one of conditions to closing of pending acquisition.Transaction remains subject to other customary closing conditions and is still expected to close in first quarter of 2015.  Full Article

Siemens AG plans to delist from London and Swiss Stock Exchanges
Tuesday, 9 Sep 2014 02:00am EDT 

Siemens AG:Says Managing Board has resolved to delist ordinary shares of Siemens from London Stock Exchange (LSE) and from Swiss Stock Exchange (SIX Swiss Exchange AG / SIX).Says delisting from LSE is expected to become effective early Oct. 2014, while SIX delisting is expected to become effective in Jan. 2015 at earliest.  Full Article

Siemens AG receives order for 67 wind turbines for Dudgeonoffshore wind power plant
Thursday, 21 Aug 2014 08:00am EDT 

Siemens AG:Receives order for 67 wind turbines for Dudgeonoffshore wind power plant.Total value of the contracts nearly 650 million Euros.  Full Article

REFILE-UPDATE 3-Spain's Iberdrola to buy UIL Holdings for about $3 bln

Feb 26 - Spanish utility Iberdrola SA will buy UIL Holdings Corp for about $3 billion to create a new listed power and gas company and expand in the United States, where it hopes to offset falling profits at home.

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