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Heinrich von Pierer, CEO of the Munich-based engineering and electronics giant Siemens AG gestures d..,...

IMAGE number
REU7543896
Image title
Heinrich von Pierer, CEO of the Munich-based engineering and electronics giant Siemens AG gestures d.., 2001-02-22 (photo)
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Photographer
Michael Dalder
Medium
photograph
Date
2001 AD
Shooting Date
2001-02-22
Image description

Heinrich von Pierer, CEO of the Munich-based engineering and electronics giant Siemens AG gestures during an interview prior to the annual shareholder meeting in Munich, February 22, 2001. Siemens AG said on Thursday it had agreed to buy U.S. broadband network specialist Efficient Networks Inc for $1.5 billion in cash, part of an expansion drive which would weigh on short-term earnings. Siemens said it would offer Efficient shareholders $23.50 per share, a 90 percent premium to the Nasdaq-listed company's Wednesday closing price of $12 3/8.

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REUTERS/Michael Dalder / Bridgeman Images
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