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Siemens buyout of Dresser-Rand set to face Feb. 13 review deadline in EU

By Christiaan Nelisse ( January 9, 2015, 15:38 GMT | Insight) -- Siemens is understood to have notified its plan to buy Dresser-Rand Group, a US maker of compressors and turbines, to the European Commission for approval earlier today. The EU regulator is expected set an initial Feb. 13 deadline to rule on the $7.6 billion buyout, which would boost the German engineering company’s bet on the US shale business.Siemens is understood to have notified its plan to buy Dresser-Rand Group, a US maker of compressors and turbines, to the European Commission for approval earlier today....

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