Siemens' Bid for Dresser-Rand Could be Trumped by General Electric

German engineering company Siemens announced it will buy U.S. oil-and-gas equipment maker Dresser-Rand for $7.6 billion. Paul Whitfield, correspondent for The Deal, explains what the acquisition would means to Siemens as it would fill an enormous hole in its portfolio. Despite the fact that Siemens beat out Swiss rival Sulzer with its bid, Whitfield says the book isn't closed on this deal. Amid speculation that General Electric would make an offer for Dresser-Rand, Whitfield says Siemens doesn't have much room to go higher than its $83-a-share bid, and GE could trump it if it decides to make a move for the company.