Investment banks reportedly been courting Siemens AG to spin off its healthcare business.
Siemens AG
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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
