Member access

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

SIEMENS AG (SIE)

271
Real-time Quote. Real-time Tradegate - 04/23 12:16:06 pm
97.518 EUR   -1.53%
3h ago SIEMENS : FDA Clears Siemens SOMATOM Force CT System
3h ago SIEMENS : Tangsteel, Siemens plan to unite on-energy-saving cooperation ven..
5h ago SIEMENS : Siemens Energy Assigned Patent
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

04/10/2013 | 10:07am US/Eastern
Recommend:
0

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 ursula.quass@dowjones.com

Recommend :
0
React to this article
Latest news on SIEMENS AG
3h ago SIEMENS : FDA Clears Siemens SOMATOM Force CT System
3h ago SIEMENS : Tangsteel, Siemens plan to unite on-energy-saving cooperation venture
5h ago SIEMENS : Siemens Energy Assigned Patent
9h ago SIEMENS : BAIC join hands to boost new energy cars' market
11h ago SIEMENS : and NKF Align to Focus on Kidney Disease Screening
1d ago SIEMENS : BAIC join hands to boost new energy cars' market
1d ago SIEMENS : Canada named one of Canada's Greenest Employers for third consecutive ..
1d agoDJPhilips Forecasts Challenging Year After Posting 14% Profit Drop -- Update
2d ago SIEMENS : Masdar City eyes investors at Cityscape Abu Dhabi
2d ago SIEMENS : $3,995 Federal Contract Awarded to Call One
Advertisement
Chart
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Income Statement Evolution
Siemens AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF