Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Siemens AG    SIE   DE0007236101


SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Siemens AG : German Court Gives Siemens Go-ahead With Osram Spinoff

04/10/2013 | 10:07am US/Eastern

By Ursula Quass

FRANKFURT--Industrial conglomerate Siemens AG (SI) was given the go ahead Wednesday by a German court to spin off its lighting unit Osram.

Siemens had aimed for an initial public offering of the unit in the third quarter of last year, but financial market volatility made the management cancel the IPO and opt for a spinoff via distribution of free shares to shareholders.

And then, in mid-March the German company hit a hurdle with the timetable for the listing, after a group of shareholders challenged its spinoff plan. The plaintiffs cited in their complaint predominantly formal flaws at Siemens' annual general meeting at which the Osram stock exchange listing was approved.

(Nicky Redl and Friedrich Geiger contributed to the story)

Write to Ursula Quass at

Recommend :
React to this article
Latest news on SIEMENS AG
2h ago SIEMENS : Invests a Further £1 Million in UK Mechanical Drives
5h ago SIEMENS : to invest in Leeds following Record Growth
13h ago SIEMENS : Extension Healthcare to Showcase Extension Engage Solution at Siemens ..
13h ago SIEMENS : Extension Healthcare to Exhibit at Siemens Innovations
1d ago SIEMENS : Turbine tech gets industry approval ; E YORKS:25-year guarantee for Si..
1d ago SIEMENS : Dubai invited to learn from Milan's Expo 2015
1d ago SIEMENS : Companies nudge staff to spend time off work
1d ago SIEMENS : awarded turnkey order for the Netherlands' largest near shore wind far..
1d ago SIEMENS : Construction on Westermeerwind Wind Farm to Start
1d agoSIEMENS AG : quaterly earnings release
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Income Statement Evolution
Siemens AG : Income Statement Evolution
More Financials
Dynamic quotes