|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.7500 - 3.8900|
|52 Week Range||2.6000 - 6.8600|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||N/A|
Siemens Energy could launch its planned 4.05 billion-euro ($4.34 billion) bid for minorities in Siemens Gamesa sooner than September, its chief executive said, cautioning that the decision was up to Spanish regulators. "We have an interest to do this as fast as possible," Christian Bruch told analysts during the group's capital markets day, adding the sooner a deal could be done, the faster operational problems at Siemens Gamesa could be fixed. Under a tentative timeline, the bid, which was announced on Saturday, would launch in mid-September before an extraordinary general meeting rubber-stamps it in November.
MADRID/FRANKFURT (Reuters) -Siemens Energy warned on Monday that a turnaround at Siemens Gamesa will take several years, adding that a 4.05 billion-euro ($4.3 billion) bid to buy out minorities of the struggling wind turbine unit was the only way to fix the issues. "It's nothing which will go fast," Siemens Energy Chief Executive Christian Bruch told journalists on Monday, less than two days after unveiling the offer. Siemens Energy has faced pressure from shareholders to raise its stake in Siemens Gamesa from the 67% it inherited after a spinoff from Siemens AG.
(Bloomberg) -- Siemens Energy AG will offer 4.04 billion euros ($4.27 billion) to buy the shares in Siemens Gamesa Renewable Energy SA it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertBroadcom in Talks to Acquire Cloud Company VMwareStocks Rise on Biden Tariff Comments; Dollar Drops: Markets WrapA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs