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MW : Siemens says close to settlement deal
 
point of concluding an agreement with three former members of the managing board with respect to the claim for damages in connection with the investigation of its corruption affairs. Klaus Wucherer, Rudi Lamprecht and Edward Krubasik are prepared to reach a settlement with Siemens in November 2009 and to each pay the company 500,000 euros. This agreement must be approved by the supervisory board and the annual shareholders' meeting, the firm said. Siemens is also holding talks with the other former members of the managing board and expects further agreements to follow in the near future. Shares rose 1.1% in Frankfurt.
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