Dresser-Rand to report third quarter 2014 results
As previously announced on September 21, 2014, Dresser-Rand and Siemens AG have entered into a definitive merger agreement under which Siemens is expected to acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash. The transaction is valued at approximately $7.6 billion, including the assumption of debt. The transaction is expected to close in the summer of 2015 and is subject to Dresser-Rand shareholder approval, regulatory approval in the U.S., Europe and certain other jurisdictions, and other customary closing conditions.
In light of the pending transaction and until further notice, Dresser-Rand will not issue a separate news release announcing its results and has also elected to discontinue conference calls to discuss its quarterly and annual results.