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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.

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

 

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