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Source: Siemens Offering $6.1 bln for Dresser Rand

Maritime Activity Reports, Inc.

September 19, 2014

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Siemens declined to comment on the report.

Such an offer would put Siemens in competition with Swiss pump maker Sulzer, which said on Wednesday it was in talks on a potential merger with Dresser-Rand.

 

Reporting by Georgina Prodhan