Dresser-Rand Group (DRC) gains on Siemens takeover

Dresser-Rand Group Inc. (NYSE: DRC) shares hiked 2.6% to $82.00. The oil-equipment manufacturer will be bought by Siemens AG for $83 per share in cash, or $7.6 billion. Share volume was 1.4 million, compared to an all-day average of 228,000