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Siemens to buy Dresser-Rand for $7.6 billion


    (Reuters) - Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

    Reuters reported on Sunday that the companies were nearing a deal.

    (Reporting by Supriya Kurane in Bangalore; Editing by Diane Craft)