The EU Commission has unconditionally approved Siemens' acquisition of Dresser-Rand. All regulatory approvals required to complete the transaction have thus now been obtained. Siemens plans to close the transaction by the end of June 2015. Siemens will pay all Dresser-Rand shareholders US$85.20 per share. The purchase price comprises the offer of US$83 per share plus a time-dependent ticking fee totaling US$2.20 per share for the months of March to and including June 2015. The overall consideration for acquiring all outstanding Dresser-Rand shares including the assumption of outstanding financial debt of US$1.2 billion is about US$7.8 billion.
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