Investment banks reportedly been courting Siemens AG to spin off its healthcare business.
Siemens AG
Breaking News
- Barclays Under Fire for Financing an Oil Company $4.4 Billion to Release 7.5 Million Tonnes of Carbon Emission
- Donald Trump's Allies Plan to Erode Fed's Independence by Giving Ex-POTUS Influence Over it if He Wins Election
- Maryland Athletic Director Uses AI-Generated Recording to Frame up Principal as Revenge Over Fraud Investigation Against Him
Siemens AG said that it had set aside EUR4 billion or USD5.4 billion for its stock buyback program.
Investment firm Triton had stepped in as the possible buyer of Siemens AG's postal automation and baggage-handling division unit after Sun Capital dropped out of the bidding round.
Siemens AG's talks with equity group AEA Investors were at the advance stage regarding the German company's sale of its water technologies business.
A joint venture firm was agreed to be formed between Siemens AG and John Wood Group
Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.
Various reports cited sources who said that Former Deutsche Bank AG Chief Executive Officer Josef Ackermann would be stepping down from his post in Siemens AG as deputy chairman of the supervisory board.
Yesterday, Siemens AG announced naming a new CEO for the company after ousting its former head, Peter Loescher.
The supervisory board at Siemens AG asked to oust its current CEO after failing to meet the 12% profit margin goal of the company.
Nokia's Standard & Poor's rating plummeted further in the junk territory.
Voestalpine hired Seimens and Mildex to build Texas plant for $713.5 million
Nokia's budget strained from move to buyout Siemens AG in handset deal
Subscribe to VCpost newsletter
Most Popular
- Walgreens to Open a New Pharmacy Offering Cell and Gene Therapies to Patients With Chronic Diseases Like Cancer
- SSI Payment for May 2024: Supplemental Security Income Recipients to See Double Amount in Payout
- How to Apply for Social Security Spousal Benefits; Here's How You May Boost Your Money!
- Doctors Raise Concerns Over Proposed Capital Gains Tax Changes
- How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments
- JPMorgan CEO Warns of Economic Risks Amid Biden's 'Huge' Deficit Spending, Questions Likelihood of 'Soft Landing'
- Walmart Founder's Son Rob Walton to Step Down From Board
- Google's Parent Company Alphabet Approves First-Ever Dividend as Shares Skyrocket
