4 Merger and Acquisitions Stock Stories Ready for a Tuesday Appraisal
Siemens AG (NYSE:SI): Current price $121.86
Knowledgeable sources say that Siemens is in advanced negotiations to divest its water technologies business to the private equity group AEA Investors for roughly $800 million. AEA won over the private equity investor American Industrial Partners in the last round of the bidding, according to one of the sources. Siemens, which is Germany’s most valuable company by market capitalization, manufactures products ranging from trains to hearing aids. The company reported last November its plan to sell off the water technologies unit.