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Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:53 EDTDRCDresser-Rand upgraded to Buy from Neutral at Guggenheim
News For DRC From The Last 14 Days
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February 27, 2015
16:52 EDTDRCDresser-Rand says 2015 'expected to be a relatively stable year in sales'
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16:50 EDTDRCDresser-Rand to cut 8% of its workforce
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16:48 EDTDRCDresser-Rand reports Q4 adjusted EPS $1.52, consensus $1.30
February 25, 2015
10:49 EDTDRCOptions with increasing implied volatility: DO BHI DRC
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February 17, 2015
08:38 EDTDRCEU regulators expanding probe of Siemens, Dresser-Rand merger, Reuters says
European Commission antitrust regulators will expand their investigations into Siemens' (SIEGY) $7.6B bid for Dresser-Rand (DRC), reports Reuters, citing regulator statements. The Commission stated, "The transaction would reduce the number of competitors from three main players to two main players" in related markets. Siemens stated it still expects to close the deal in Summer 2015 or sooner. Reference Link
February 13, 2015
11:37 EDTDRCEC extends review of proposed merger between Dresser-Rand, Siemens
Dresser-Rand Group (DRC) has been notified that the European Commission will be initiating a Phase II review of the company's proposed merger with Siemens (SIEGY). The company still expects the transaction to close in the summer of 2015, or earlier, subject to regulatory approval in Europe and certain other jurisdictions, and the satisfaction of other customary closing conditions. The transaction has received regulatory approval in the United States, Brazil, Canada, Russia and South Korea.

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