KeyBanc Downgrades Dresser-Rand Group (DRC) to Hold
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September 23, 2014 7:28 AM EDT
Susquehanna downgraded Dresser-Rand Group (NYSE: DRC) from Positive to Neutral.
For an analyst ratings summary and ratings history on Dresser-Rand Group click here. For more ratings news on Dresser-Rand Group click here.
Shares of Dresser-Rand Group closed at $81.97 yesterday.
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September 22, 2014 6:28 AM EDT
(Updated - September 22, 2014 7:22 AM EDT)
Dresser-Rand Group (NYSE: DRC) is indicated to open 3.2% higher to $82.80 after... More
September 21, 2014 8:23 PM EDT
As rumored over the past few months, Dresser-Rand Group (NYSE: DRC) announced a deal Sunday evening to be acquired by Siemens for $83.00 per share in cash. The transaction is valued at approximately $7.6 billion, including the assumption of debt. The price represents a premium of 37.4 percent over Dresser-Rand's closing share price of $60.42 on July 16, 2014, the day before speculation in the press appeared regarding interest in Dresser-Rand. Additional per share cash consideration of $0.55 shall be applied on... More
