September 22, 2014 / 6:20 AM / in 5 years

Sulzer ends talks with Dresser-Rand after Siemens bid

ZURICH, Sept 22 (Reuters) - Swiss pump maker Sulzer said it had ended talks over a merger with Dresser-Rand Group Inc after Germany’s Siemens offered to buy the U.S. oilfield equipment maker for $7.6 billion.

“Sulzer has terminated the talks with Dresser-Rand,” Sulzer spokesman Verena Goelkel said in an emailed statement on Monday.

The Swiss firm, which is controlled by Russian billionaire Viktor Vekselberg, had said last week it was in non-exclusive talks with Dresser-Rand.

Siemens said earlier on Monday it was offering $7.6 billion for Dresser-Rand. The Financial Times said on Friday General Electric may also be mulling a bid.

Sulzer shares were indicated to open 1.8 percent lower on Monday, according to premarket indications from bank Julius Baer. (Reporting by Oliver Hirt and Silke Koltrowitz; Editing by Mark Potter)

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