Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/siemens-to-acquire-all-of-the-outstanding-shares-o.shtmlSiemens to acquire all of the outstanding shares of Dresser-Rand
Dresser-Rand Group Inc. (DRC) has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding
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Dresser-Rand Group Inc. (DRC) 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. The transaction is valued at approximately $7.6 billion, including the assumption of debt.
The price represents a premium of 37.4 percent over Dresser-Rand's closing share price of $60.42 on July 16, 2014, the day before speculation in the press appeared regarding interest in Dresser-Rand. 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.
