Dresser Rand in Spanish Buy

Cody, Tamika
March 2011
Mergers & Acquisitions Report;3/7/2011, Vol. 24 Issue 10, p17
The article reveals the plan of Dresser-Rand Group to acquire Grupo Guascor S.L. for 690 million U.S. dollars. In a press release, Dresser-Rand Chief Executive Officer and President Vince Volple announced that a portion from the purchase price will be made through stock and that they are planning to repurchase 130 million U.S. dollars of its common shares to complete its previously authorized 200-million-U.S. dollar share repurchase program. Moreover, Dresser-Rand is planning to raise 330 million U.S. dollars of term loan financing.


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