European Commission Extends Review of Proposed Merger between Dresser-Rand and Siemens

Dresser-Rand Group Inc., a global supplier of rotating equipment and aftermarket parts and services, has been notified that the European Commission will be initiating a Phase II review of the company's proposed merger with Siemens.

The company still expects the transaction to close in the summer of 2015, or earlier, subject to regulatory approval in Europe and certain other jurisdictions, and the satisfaction of other customary closing conditions.  The transaction has received regulatory approval in the United States, Brazil, Canada, Russia and South Korea.

Source: Siemens