A PYMNTS Company

EU: Probe into $7.6 billion Siemens-Dresser-Rand merger reopened

By  |  April 12, 2015

European Union antitrust regulators have resumed their scrutiny of Siemens’ offer for U.S. oilfield equipment maker Dresser-Rand Group and will decide by July 24 whether to clear the $7.6 billion deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Commission halted its investigation on March 19 while waiting for Siemens to provide some important information. The probe was restarted on March 27, according to a filing on the EU authority’s site.

    Siemens had previously said that it was still on track to close the deal before or in the summer despite the delay.

     

    Full Content: Reuters

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.