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...Bodycote edged lower by 0.4 per cent to 679p after Sulzer, which failed to buy the engineer six years ago, said it was in merger talks with Dresser-Rand....
...Last month, he paid €580m ($787.3m) to buy MWM, the German engine maker, from 3i, the private equity group – outbidding General Electric and Dresser-Rand....
...Last October, GE agreed a $3bn deal to buy Dresser of the US, which makes engines, pumps and valves for the oil and gas industry, and in December it announced the $1.2bn acquisition of Wellstream, a UK-based...
...Dresser is majority owned by funds managed by Riverstone Holdings LLC and First Reserve Corp. GE said the acquisition should contribute to its earnings next year....
...Dana, the auto parts maker, agreed to sell its aftermarket unit to Cypress Group for $1.1bn and Ingersoll-Rand agreed to sell its Dresser-Rand unit to First Reserve for $1.2bn....
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