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SIEMENS CEO HEINRICH VON PIERER DURING THE ANNUAL SHAREHOLDER MEETING IN MUNICH, 2001-02-22 (photo)

IMAGE number
REU8206500
Image title
SIEMENS CEO HEINRICH VON PIERER DURING THE ANNUAL SHAREHOLDER MEETING IN MUNICH, 2001-02-22 (photo)
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Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-02-22
Image description

Heinrich von Pierer, CEO of the Munich-based engineering and electronics giant Siemens AG is seen on a video screen during his speech at 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. MAD/WS

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REUTERS / Bridgeman Images
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