News Headline Summary
Siemens (SIE GY) present further details on planned spin-off of Osram on 28th November according to sources
- 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
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:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts