Siemens to buy Dresser-Rand for $7.6 billion
By Reuters
Sep 21, 2014 09:01 PM EDT
Regions
Industrial conglomerate Siemens AG (SIEGn.DE) said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc (DRC.N) for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.
Reuters reported on Sunday that the companies were nearing a deal.
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