International News In Brief
This article was originally published in The Gray Sheet
Executive Summary
Siemens AG/Draegerwerk: European Commission opts to extend investigation of German hospital equipment joint venture Jan. 22. Under the deal, Siemens will transfer its ventilator, anesthesia delivery and patient monitoring businesses to Draegerwerk in exchange for a 35% share of wholly owned subsidiary Draeger Medical, which would then be jointly controlled by the two partners. The proposed transaction would lead to a combined ventilator market share that proved sufficient to trigger an in-depth inquiry by the EC, which has four months to issue a final decision on the merger...