Bloomberg: Siemens near deal with Gamesa to combine wind power units

• Siemens (OTCPK:SIEGY) has agreed to pay ~$1B to Gamesa (OTCPK:GCTAF) in a deal to merge the companies' wind energy businesses, Bloomberg reports.
• Gamesa will receive the cash as a special dividend from the new wind venture plus a 41% stake in the business, with Siemens holding 59%, according to the report, which adds details to speculation earlier this week.
• The new venture could have a market cap of ~€10B ($11B), Bloomberg says.