Siemens set to announce OSRAM IPO, industry revamp

Newswire

* Siemens may announce Osram IPO plans on Monday * Analysts expect part sale to finance business expansion * Siemens may create fourth business division By Marilyn Gerlach FRANKFURT, March 28 (Reuters) - Siemens AG is likely to announce plans on Monday to float lightbulb unit Osram, the last of its consumer business, as Europe's biggest engineering company embarks on its most radical revamp since 2007. Analysts expect that Siemens, which makes everything from fast trains to hearing ...

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