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 was the plan by another European company that Siemens was looking to scupper?

How does the text describe the market conditions related to the transactions?