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EU: Regulators suspend Siemens, Dresser-Rand probe

By  |  March 25, 2015

European Union antitrust regulators have suspended their investigation into Siemens’ $7.6 billion bid for U.S. oilfield equipment maker Dresser-Rand Group while waiting for “important information” from the German company.

The European Commission suspended its probe on March 19, a filing on its website showed on Wednesday.

“The clock was stopped because there is an important piece of information that the Commission has requested from the parties and has not been submitted yet,” Commission spokesman Ricardo Cardoso said.

Siemens said the delay would not affect the deal.

 

Full Content: Reuters

 

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