It is the most expensive acquisition for which has been long: For $ 7.6 billion, the Group intends US-based Dresser-Rand to buy. At the same time, Siemens announced the sale of its home appliances division to.
Siemens wants to take over the U.S. oil and gas technology specialists Dresser-Rand for the equivalent of almost six billion euros. The two companies agreed that the Munich acquire all of the issued and outstanding shares of Dresser-Rand in the course of a friendly takeover offer, such as Siemens said on early Monday morning. The Board of Directors of the American Bar offer support and have unanimously recommended that shareholders accept the bid. At the same time, Siemens announced that Bosch industrial conglomerate would remove the 50-percent share in the resulting almost half a century common home appliance company BSH for three billion euros.
Dresser-Rand complements the existing Siemens portfolio, particularly for the global oil and gas industry as well as for decentralized power generation, Siemens said. The offer is 83 dollars per share in cash. This corresponds to a total value of approximately $ 7.6 billion. On Friday, which is listed in New York Dresser-Rand shares had closed at $ 79.91.
In addition, Siemens also the Swiss technology group Sulzer interest in Dresser BORDER signaled. Media reports over the weekend, according also considered the US-rival GE, in the company Poker with enter.
Siemens had According to experts repeatedly negotiates with Dresser-Rand, was but so far shied away from a takeover, given the high price. For some time apart from the price Dresser-Rand is but a dream takeover target, it said in the Siemens environment. Group chief Joe Kaeser had called Dresser-Rand as one of several interesting companies overseas. The manager wants to establish stronger his house as a supplier to the booming oil and gas industry in North America. To succeed there, he moved his headquarters specifically the energy sector in the United States. Siemens expects that the Dresser-Rand acquisition is by summer 2015 signed and sealed.
The sale of the stake in the joint venture BSH Bosch and Siemens Home Appliances Group (BSH) is expected in the first half of the calendar year to be completed in 2015. The former joint venture will then be a 100-percent subsidiary of the Bosch Group. However, the cartel must still approve the share sale
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