Siemens Cancels IPO, Will Spinoff Lighting Unit To Shareholders

It’s been well over a year since we mentioned that Siemens(SI) was looking to divest its Osram lighting unit. Now, 16  months later, unable to get the price it wanted, or to conduct an IPO, the company plans to spin off the unit to shareholders. On its recent conference call, Siemens CEO Peter Loscher announced the plans: As… Read More »