[Reuters] Siemens says Invensys Rail deal will boost profits

Posted by: UGN Security

[Reuters] Siemens says Invensys Rail deal will boost profits - 11/29/12 11:39 AM

FRANKFURT/LONDON (Reuters) - Germany's Siemens AG promised investors its deal to buy Invensys' rail business for a hefty 1.74 billion pounds ($2.78 billion) would contribute to boosting profits in a tough economy.