Merger Activity Has Stepped Up Again as Stock Market Strengthens
Let’s bring to your attention the many deals that hit the wires the past couple days. Siemens Announces Agreement to Acquire Dresser-Rand Takeover bid for Dresser-Rand has a total transaction value of $7.6 billion Acquisition strengthens Siemens’ portfolio for oil & gas industry Complementary regional footprint and product portfolio Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens’ bid is unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in … Read more