European Commission clears merger between Dresser-Rand and Siemens

The European Commission has cleared Dresser-Rand Group Inc.’s (NYSE: DRC) proposed merger with Siemens. All of the conditions regarding regulatory matters have now been satisfied.

The closing of the transaction is scheduled to occur on June 30.

Dresser-Rand supplies rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. 

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