Dresser-Rand receives stockholder approval of merger with Siemens

Dresser-Rand Group Inc.

Dresser-Rand Group Inc. (NYSE: DRC) reports that, at a special meeting of stockholders held Nov. 20, its stockholders approved the adoption of the merger agreement with Siemens Energy Inc., pursuant to which Dresser-Rand will be acquired by Siemens. 

At the special meeting of stockholders, 98.9% of the votes cast were voted in favor of the adoption of the merger agreement. Shares representing 73.5% of Dresser-Rand's total outstanding shares of common stock as of the Oct. 22 record date were represented in person or by proxy at the meeting. Dresser-Rand's stockholders also approved, on an advisory, non-binding basis, compensation that may become payable to named executive officers as a result of the merger.

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