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Siemens to Raise About $1.5 Billion in Siemens Healthineers Stake Sale

Siemens AG is selling a €1.4 billion stake in Siemens Healthineers AG, its medical technology unit, to fund its acquisition of Altair Engineering Inc. The sale, arranged by Barclays Plc, BNP Paribas SA, and Morgan Stanley, will offer approximately 26.5 million shares at a price of €54.65 each. The offering was several times oversubscribed, with demand exceeding the available shares.