News Headline Summary

Siemens (SIE GY) present further details on planned spin-off of Osram on 28th November according to sources

Says:
- Sites outside Germany to be most affected.
- Restructuring to cost about EUR 500mln.
- Both companies decline to comment.

Reaction details (15:45)

- Siemens shares unaffected by the news, last trade at EUR 77.58 (-0.03%).

22 Nov 2012 - 15:43 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: