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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sulzer AG Winterthur (PK) | USOTC:SULZF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 140.80 | 135.32 | 148.06 | 0.00 | 21:22:05 |
From Jan 2020 to Jan 2025
By Eyk Henning
FRANKFURT--Renova, a holding company of Russian oligarch Victor Vekselberg, on Friday said it has bought a 4.99% stake in U.S. oil-industry equipment firm Dresser-Rand Group Inc (DRC).
The announcement adds a twist to speculation on the future of Dresser-Rand. Mr. Vekselberg's Renova also holds a 33.19% stake in Swiss pump maker Sulzer AG (SULZF), which earlier said this week it was in non-exclusive talks with the U.S. company about a potential transaction.
At the same time, German conglomerate Siemens AG (SIEGY)is preparing a multi billion-dollar offer for Dresser-Rand, people familiar with the matter said on Friday.
A Siemens offer of more than $6 billion, or more than $80 dollar per share, could be more attractive to Dresser-Rand than an offer from Sulzer, the people said.
Siemens declined to comment.
Write to Eyk Henning at eyk.henning@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Sulzer AG Winterthur (PK) Chart |
1 Month Sulzer AG Winterthur (PK) Chart |
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