Siemens is buying US firm Dresser-Rand in a $7.6bn (£4.6bn) deal which will help the German conglomerate boost its oil and gas business in North America. The American firm makes oilfield equipment and, under the deal, it will become "the platform for oil and gas equipment solutions within Siemens". The German firm said its $83-a-share bid had been unanimously supported by Dresser-Rand's board of directors.
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