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Siemens to acquire Dresser-Rand for $7.6 billion

By Washington Examiner
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HOUSTON (AP) — German electronics and engineering company Siemens AG has reached a deal to acquire oilfield equipment maker Dresser-Rand for $7.6 billion.

Under the deal announced early Monday in Germany, Siemens will pay $83 per common share of Dresser-Rand Group Inc., $3.09 more than the company’s closing share price on Friday. Dresser Rand’s market capitalization is $6.12 billion. The deal includes assumption of debt.

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