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EU regulators suspend probe of Siemens deal, summer deal close still eyed

Mar. 25, 2015 2:10 PM ETSiemens Aktiengesellschaft (SIEGY) StockDRC, SIEGYBy: Carl Surran, SA News Editor
  • European Union antitrust regulators have suspended their investigation into Siemens' (OTCPK:SIEGY -0.6%) $7.6B bid for Dresser-Rand (DRC -0.1%) while waiting for "important information" from the German company.
  • Siemens says the deal is still on schedule and expects to close in the summer of 2015 or earlier, but says it cannot comment further on the EU's request.
  • EU regulators have expressed concerns that the merged company would reduce competition in turbo compressors and drivers for trains.

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