Entering text into the input field will update the search result below

Dresser-Rand Group (DRC) Under Bidding Storm With Strong Takeover Winds

Sep. 20, 2014 10:58 PM ETDRC, GE
Mike Zaman profile picture
Mike Zaman's Blog
87 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

https://static.seekingalpha.com/uploads/2014/9/19/saupload_drc.jpg Dresser-Rand Group Inc. (DRC)

Keep a close eye on DRC. According to reports, Siemens AG is preparing to offer more than $6.5 billion for the company, General Electric Company (NYSE:GE) reportedly held talks with DRC for a possible merger, while the Swiss maker of industrial pumps Sulzer AG confirmed on its website that it was in talks with DRC over a potential transaction.

https://static.seekingalpha.com/uploads/2014/9/20/saupload_drcch.png

DRC is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries.

More about Dresser-Rand Group Inc. (DRC) at www.dresser-rand.com

**

Read Full Disclaimer at www.bestotc.com/disclaimer

Analyst's Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.