The industrial conglomerate Siemens AG agreed on Monday to buy the U.S. oilfield equipment maker Dresser-Rand Group Inc. in an attempt of boosting Germany’s oil and gas business in the States. Dresser-Rand’s board of directors unanimously supported Siemens and its $83 per-share bid. In fact, on Friday, Dresser-Rand had a closing price of $79,91 per share, up 27 percent over the last three … [Read more...]
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