Arab Today, arab today siemens readies for 6bn bid for swiss rival
Last Updated : GMT 16:31:29
Arab Today, arab today
Arab Today, arab today

Siemens readies for $6bn bid for Swiss rival

Arab Today, arab today

Arab Today, arab today Siemens readies for $6bn bid for Swiss rival

German technology giant Siemens
Frankfurt - AFP

German technology giant Siemens is set to launch a multi-billion-dollar bid for Swiss rival Dresser-Rand, according to a Friday media report that sent the conglomerate's share price soaring in New York.
A report in German weekly Manager Magazin that Siemens was prepared to pay more than $80 (62 euros) a share -- making for a potential deal of over $6.1 billion -- caused the company's share price to surge 10.65 percent by early afternoon on Wall Street.
If successful, the merger would create a market giant, with revenues in excess of five billion Swiss francs (4.1 billion euros, $3.2 billion) with 20,000 staff and a capitalisation of close to 8.0 billion Swiss francs.
A spokesman for Siemens declined to comment on the potential merger when contacted by AFP. Dresser-Rand also failed to respond to a request to comment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today siemens readies for 6bn bid for swiss rival Arab Today, arab today siemens readies for 6bn bid for swiss rival

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today siemens readies for 6bn bid for swiss rival Arab Today, arab today siemens readies for 6bn bid for swiss rival

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday