Reported 2 days ago
Siemens AG plans to generate approximately €1.4 billion from the sale of a 2.3% stake in its medical technology unit, Siemens Healthineers AG. The company is increasing the share offering to around 26.5 million shares, priced at €54.65 each, which reflects a slight discount from previous closing values. The proceeds are intended to fund corporate activities, including the acquisition of Altair Engineering Inc.
Source: YAHOO