Why Siemens (SIEGY) Stock Is Lower This Afternoon

NEW YORK (TheStreet) -- Shares of Siemens AG (SIEGY) are down -1.75% to $130.52 after it was reported that the German engineering company is exploring a sale of its hospital database and information technology unit as it focuses on its energy and industrial businesses, sources told Bloomberg.

The company is evaluating the options for the business, and no final decision has yet been made, sources said. The unit could be valued at over $1.4 billion.

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