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 | |
-8.80% | 186B | |
+30.91% | 96.61B | |
+60.12% | 66.34B | |
+14.06% | 59.56B | |
+25.77% | 31.05B | |
+13.66% | 20.71B | |
+0.40% | 19.75B | |
+42.59% | 17.52B | |
+1.25% | 16.49B |
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- Elliott Wins as Hitachi Rail Agrees to Purchase of Ansaldo