FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION

Hitachi, a Japanese conglomerate, will pay €773 million ($850 million) for Finmeccanica's 40% stake in Ansaldo STS: under Italian law, this type of operations requires a mandatory tender offer in order to be finalized. The Tokyo-based company will pay €9.65 for each Ansaldo STS share, equivalent to a 9.2% premium and it will launch a … Continue reading FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION