Siemens begins major overhaul as deal, results worry investors

Article Abstract:

Siemens AG share price dropped 6% following announcements that have investors concerned. Siemens suffered a significant loss in its joint venture with Nokia Corp. Siemens is also sellling its auto-parts business to Continental AG for $15.64 bil, and will purchase US clinical diagnostics firm Dade Behring Inc. for approximately $7 bil.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Financial report

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Siemens to move part of IT unit to joint venture

Article Abstract:

Siemens AG of Germany is planning a joint venture for its information technology subsidiary with Fujitsu Ltd. of Japan. Siemens AG will transfer approximately 1.3 billion Euros ($1.5 billion) and 5,000 workers to Fujitsu Siemens Computers B.V.

Japan, Company Profile, Fujitsu Ltd., FJTSY

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Siemens net jumps 14%, restructuring costs to rise

Article Abstract:

Siemens AG of Germany posted second quarter increases by 14 percent to 887 million Euros ($1.1 billion) from 781 million Euros last year. The electronics giant is negotiating to acquire Diagnostic Products Corp. for $1.86 billion.

Company overview

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