Siemens Eyes Selling 6% Siemens Energy Stake to Fund Altair Deal [Yahoo! Finance]
Altair Engineering Inc. - Class A (ALTR)
Last altair engineering inc. - class a earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
Siemens Energy AG in the coming months to help fund its $10 billion acquisition of software maker Altair Engineering Inc. Most Read from Bloomberg How California Sees the World, and Itself Siemens is looking to divest roughly 6% of its 17% holding by the end of September, Chief Financial Officer Ralf Thomas said in an interview. The engineering conglomerate spun off the turbine maker in 2020. Siemens Energy shares have more than quadrupled this year due to optimism that the company is on track to fix longstanding issues at its Gamesa wind-turbine unit. The manufacturer lifted its midterm targets last month on rising demand for products supplying power-hungry data centers. When announcing the Altair takeover in October, Siemens said it plans to fund the deal by selling stock in listed entities as well as with proceeds from recent divestments such as the €3.5 billion sale of its Innomotics heavy-duty motors operations. Siemens will eventually sell its entire Siemens Energy hol
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ALTR
Earnings
- 10/30/24 - Beat
ALTR
Sec Filings
- 12/26/24 - Form 4
- 12/20/24 - Form 144
- 12/18/24 - Form DEFM14A
- ALTR's page on the SEC website