Exclusive: Siemens near deal to buy Dresser-Rand - sources
September 21, 2014 at 20:33 PM EDT
NEW YORK/LONDON (Reuters) - Industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, according to people familiar with the matter, in a move that would significantly boost the German company's oil and gas business in North America.