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Sep 26, 2014

Rocket brings IPO forward due to “exceptional” demand

FRANKFURT, Sept 26 (Reuters) – Germany’s Rocket Internet
is bringing its planned initial public offering (IPO)
forward by a week, citing “exceptional investor demand across
all points of the price range” for its shares.

The e-commerce investment group said on Friday the offer
period, which started on Wednesday, would now end at 1100 GMT on
Oct. 1 for institutional investors, while private investors
would have until the end of that business day to subscribe.

Sep 23, 2014

Germany’s Merck to buy Sigma-Aldrich for $17 billion to boost lab supplies operation

FRANKFURT (Reuters) – Drugs and chemicals maker Merck KGaA (MRCG.DE: Quote, Profile, Research) agreed on Monday to acquire U.S.-based Sigma-Aldrich Corp (SIAL.O: Quote, Profile, Research) for $17 billion (10.41 billion pounds) in cash to boost its lab supplies business, the biggest takeover in the German group’s history.

The deal helps Merck, 70 percent controlled by the descendants of its 17th century founder, to focus more on supplying drugmakers and academic institutions with chemicals and services, seen as offering a steadier income stream than drug development.

Sep 22, 2014

Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet

FRANKFURT (Reuters) – Germany’s Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion (4.6 billion pounds) in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

The acquisition, which ranks among the biggest in the history of the industrial group, will strengthen Siemens’ position in the United States, its weakest region, and bring it nearer catching up with rival General Electric Co.

Sep 22, 2014

Siemens splurges $7.6 bln on Dresser-Rand in US shale market bet

FRANKFURT, Sept 22 (Reuters) – Germany’s Siemens AG
has agreed to buy U.S. oilfield equipment maker
Dresser-Rand Group Inc for $7.6 billion in cash, paying
a relatively rich price to belatedly beef up its presence in the
U.S. shale oil and gas industry.

The acquisition, which ranks among the biggest in the
history of the industrial group, will strengthen Siemens’
position in the United States, its weakest region, and bring it
nearer catching up with rival General Electric Co.

Sep 22, 2014

Germany’s Merck to buy Sigma-Aldrich for $17 bln

FRANKFURT, Sept 22 (Reuters) – Drugs and chemicals maker
Merck KGaA agreed on Monday to acquire U.S. company
Sigma-Aldrich for $17 billion in cash to boost its lab
supplies business, the biggest takeover in the German group’s
history.

The deal helps Merck, 70-percent controlled by the
descendants of its 17th century founder, to focus on supplying
major pharmaceutical companies and academic institutions with
chemicals and services.

Sep 22, 2014

Siemens to buy Dresser-Rand to tap U.S. shale gas boom

FRANKFURT, Sept 22 (Reuters) – Germany’s Siemens
has agreed to buy U.S. oilfield equipment maker Dresser-Rand
for $7.6 billion in cash, aiming to catch up with
arch-rival General Electric in a booming U.S. shale gas
market.

The acquisition, which ranks among the biggest in the
history of the German industrial group, will strengthen Siemens’
position in the United States, its weakest region, and focus the
group more tightly on its industrial customers.

Sep 22, 2014

Siemens in agreed $7.6 billion deal to buy Dresser-Rand

FRANKFURT, Sept 22 (Reuters) – Industrial conglomerate Siemens AG SIEGn.DE said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc DRC.N for $7.6 billion in a move that would significantly boost the German company’s oil and gas business in North America.

Germany’s Siemens said its $83 per-share bid was unanimously supported by Dresser-Rand’s board of directors. That compares with a Friday closing price of $79.91, which already had been bolstered by takeover speculation in the past several days.

Sep 18, 2014

Bayer hits record high on move to list plastics business

FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE: Quote, Profile, Research, Stock Buzz) plans to list its less profitable plastics business on the stock market in a deal that could value the division at around 10 billion euros ($13 billion) as it focuses on healthcare, veterinary drugs and crop protection.

News of the planned spin-off of the MaterialScience division, where profit margins are less than half the company average, lifted Bayer shares to a record high. It follows a wider healthcare industry trend of divesting weaker businesses and bulking up in areas of strength.

Sep 17, 2014

Germany-listed firm says top China executives missing, cash gone

FRANKFURT/HONG KONG, Sept 17 (Reuters) – A Germany-listed
shoemaker became the latest Chinese company to report the
disappearance of top executives, underscoring the danger of
doing business in the Asian powerhouse at a time of heightened
scrutiny of its firms’ corporate governance.

Frankfurt-listed Ultrasonic AG said chief executive
Qingyong Wu and chief operating officer Minghong Wu had been
missing since the weekend, and most of its cash reserves in
China and Hong Kong had disappeared.

Sep 9, 2014

Private equity firms to bid for Germany’s Median Kliniken-sources

FRANKFURT, Sept 9 (Reuters) – The owners of Median Kliniken,
Germany’s largest private sector chain of health rehabilitation
clinics, have picked at least three private equity suitors to
hand in final bids for the business, people familiar with the
matter told Reuters.

French buyout firm PAI Partners and Dutch rival Waterland,
which owns smaller German chain of specialist clinics RHM, are
among the suitors for Median, which could be valued at roughly
800 million euros ($1 billion), the sources said.

    • About Ludwig

      "I am the Deputy Chief Correspondent for Reuters' company news out of Germany, also covering the healthcare and chemical industry. Previously, I worked as a reporter for Bloomberg News in Switzerland."
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