On October 29, 2018, Hitachi Ltd. announced that it has agreed to buy out Elliott Management Corp.'s 31.8% stake in Italian rail signaling equipment unit Ansaldo STS SpA for 807.6 million ($918 million), handing a victory to the activist investor. Hitachi said it will pay Elliott 12.70 per share for Genoa-based Ansaldo and then launch a general offer at the same price for the remaining 49.22% of the company that it does not already own.
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5-day change | 1st Jan Change | ||
- EUR | -.--% | -.--% | -0.16% |
2020 | VR Group Selects Hitachi Rail STS S.p.a. to Equip Locomotives with ERTMS | CI |
2019 | Ansaldo Sts Spa Reports Earnings Results for the Full Year Ended December 31, 2018 | CI |
1st Jan change | Capi. | |
---|---|---|
-0.16% | 0 | |
-6.41% | 191B | |
+16.34% | 85.86B | |
+67.86% | 69.86B | |
+14.40% | 59.74B | |
+32.22% | 32.65B | |
+14.09% | 20.61B | |
+56.58% | 19.26B | |
+7.29% | 17.49B | |
-7.68% | 18B |
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- Elliott Wins as Hitachi Rail Agrees to Purchase of Ansaldo