Siemens new CEO starts with disposal, poor Q3

(Reuters) - The price was less than the 12 or even 13 billion euros that some media had reported Continental and rival suitor TRW were prepared to pay.




Siemens also announced it would acquire U.S. clinical diagnostics company Dade Behring for about $7 billion to bolster its medical equipment division.


Read more at Reuters.com Mergers News

UPDATE 1-Siemens new CEO starts with disposal, poor Q3

(Reuters) - The German industrial conglomerate said it would sell its
automotive unit, VDO, which it had originally planned to list on
the stock market, to car-parts supplier Continental
for 11.4 billion euros .




The price was less than the 12 or even 13 billion euros that
some media had reported Continental and rival suitor TRW
were prepared to pay.


Read more at Reuters.com Mergers News