Siemens Said Preparing $6.5B Dresser-Rand Group Bid

The transcript discusses Siemens' transnational transactions, focusing on their offer for Dresser Rand, a major engineering company. Siemens aims to outbid competitors like GE and Sultzer. The conversation highlights market dynamics, including the influence of animal spirits and the impact of the shale gas revolution, which positions the US as a dominant player for years to come.

What is Siemens' main objective in the discussed transaction?

• To acquire Alstom

• To merge with Sultzer

• To sell its engineering division

• To acquire Dresser Rand

Which company did Siemens lose to in the bid for Alstom?

• USB

• Sultzer

• GE

• Dresser Rand

What is the significance of the transaction in the context of a bull market?

• It indicates a bearish trend

• It reflects the animal spirits driving the market

• It shows a decline in market activity

• It suggests a stable market

Which company is Siemens trying to outmaneuver in its acquisition strategy?

• USB

• Sultzer

• Alstom

• GE

What role does Dresser Rand play in the shale gas revolution?

• A regulatory body

• A leading participant

• A financial investor

• A minor participant