Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet

[riky]

Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet

<p><a href="http://news.yahoo.com/siemens-buy-dresser-rand-7-6-billion-002829662--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/h9.TWXDqcJdamAwPls7mVw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/cms/homes/Reuters/2014-09-22T074143Z_1006950004_LYNXMPEA8L00G_RTROPTP_2_CBUSINESS-US-SIEMENS-DRESSER-RAND-GRP.JPG" width="130" height="86" alt="The Siemens logo is seen during the IFA Electronics show in Berlin" align="left" title="The Siemens logo is seen during the IFA Electronics show in Berlin" border="0" /></a>By Georgina Prodhan and Ludwig Burger FRANKFURT (Reuters) - Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry. The acquisition, which ranks among the biggest in the history of the industrial group, will strengthen Siemens' position in the United States, its weakest region, and bring it nearer catching up with rival General Electric Co . ...</p><br clear="all"/>

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