GE Has Held Acquisition Talks With Dresser-Rand -FT
September 19 2014 - 5:27PM
Dow Jones News
General Electric Co. (GE) has had discussions with Dresser-Rand
Group Inc. (DRC) about potentially buying the Houston-based
oil-equipment maker, the Financial Times reported Friday, citing
people familiar with the matter.
The Wall Street Journal reported Friday that Siemens AG (SIE.XE,
SIEGY) and Sulzer AG (SULZF, SUN.EB) were lining up competing bids
for Dresser-Rand.
Renova, a holding company of Russian oligarch Victor Vekselberg,
on Friday said it bought a 4.99% stake in Dresser-Rand.
According to the FT, GE is considering whether to launch a
formal offer.
Website: www.ft.com
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