[Reuters] Siemens paying for Invensys Rail out of liquidity

Posted by: UGN Security

[Reuters] Siemens paying for Invensys Rail out of liquidity - 11/29/12 10:53 AM

FRANKFURT (Reuters) - Siemens AG is paying for its 1.74 billion pound ($2.8 billion) acquisition of Invensys' rail business out of existing liquidity, the Infrastructure & Cities division's finance chief said.