Hitachi Ltd. ADR (HTHIY) - OTCPK - Current
  • Feb. 24, 2015, 10:00 AM
    • Further expanding its transportation business overseas, Hitachi (OTCPK:HTHIY -1.7%) has agreed to pay $1B for two units from Finmeccanica (OTCPK:FINMY -2.7%), which is looking to concentrate on its core aerospace and defense businesses.
    • Hitachi will pay €773M ($876.1M) for Finmeccanica’s 40% stake in rail signaling operator Ansaldo and €36M for its unprofitable train manufacturer AnsaldoBreda.
    • Following the closing of the deal, Hitachi will launch a mandatory tender offer on Ansaldo’s publicly traded shares, potentially boosting its total payout to as much as $2.5B.
    • Previously: Hitachi confirms bid for Finmeccanica train-making, signal assets (Dec. 17 2014)
    | Feb. 24, 2015, 10:00 AM
  • Jun. 13, 2014, 7:44 AM
    • GE Vice Chairman John Rice has stated that General Electric (GE) will pursue its bid over Alstom (ALSMY) alone. The statement comes after Siemens (SIEGY) announced it would partner up with Mitsubishi (MHVYF) and possibly Hitachi (HTHIY) for a joint bid over the French energy business.
    • “We don’t think we need a partner in the context of our bid,” says Rice. “We feel really good about the way the process is working, and interactions that we had with the government.”
    • GE has put in a $17B bid for Alstom.
    | Jun. 13, 2014, 7:44 AM | 2 Comments
  • Jun. 12, 2014, 3:20 AM
    • Hitachi (HTHIY) is said to be in talks in joining Siemens' (SIEGY) bid on Alstom's (ALSMY) energy business, the Nikkei business daily reports. The account comes after yesterday's announcement of Mitsubishi (MHVYF) coming on as a partner to Siemens' bid.
    • Siemens is looking to ramp up its effort to out do General Electric's (GE) $17B offer.
    | Jun. 12, 2014, 3:20 AM | 14 Comments
  • Mar. 6, 2012, 6:55 PM

    Western Digital (WDC) and Hitachi (HIT) announce that they've obtained all required regulatory approvals for WD's acquisition of Viviti Technologies, and expect the acquisition to close on March 8. WDC +0.6%, HIT -1.7% AH.

    | Mar. 6, 2012, 6:55 PM
  • Dec. 27, 2011, 8:48 AM

    The Chinese government asserts Western Digital's (WDC) planned purchase of Hitachi's (HIT) hard drive division will "exert a negative impact on Chinese consumers," and says it will seek "appropriate solutions" to deal with the issue. Chinese regulators already drove a hard bargain with Seagate (STX) over its purchase of Samsung's hard drive unit. (EU approval)

    | Dec. 27, 2011, 8:48 AM | 1 Comment
  • Nov. 23, 2011, 9:27 AM

    Western Digital (WDC) gains 0.8% after its acquisition of Hitachi's (HIT) hard drive business is given a green light by EU regulators. In return for the go-ahead, Western Digital has agreed to sell a hard drive manufacturing plant and other "essential production assets." Archrival Seagate's (STX) purchase of Samsung's hard drive division was cleared in October. (yesterday)

    | Nov. 23, 2011, 9:27 AM | 1 Comment
  • Sep. 8, 2011, 7:59 AM

    Hitachi (HIT) is acquiring networked storage vendor BlueArc for an undisclosed sum. BlueArc, which had re-filed for an IPO in June, sells high-performance systems frequently used in "big data" applications. The deal could help Hitachi offset a fraying OEM partnership with H-P (HPQ), and might increase competitive pressures for NetApp (NTAP).

    | Sep. 8, 2011, 7:59 AM
  • Aug. 31, 2011, 8:25 AM

    Sony (SNE), Toshiba (TOSBF.PK) and Hitachi (HIT) intend to merge their small- and medium-sized display ops and then hand over control to state-owned Japanese firm Innovation Network. The deal comes amid falling panel prices, volatile demand and the specter of oversupply.

    | Aug. 31, 2011, 8:25 AM
  • Aug. 5, 2011, 8:23 AM

    Talks between Hitachi (HIT) and Mitsubishi Heavy (MHVYF.PK) about a tie-up are reportedly in danger of collapsing, as Hitachi wants a full merger while Mitsubishi prefers to combine selected businesses. A total merger would create an infrastructure company with revs of $150B a year. (previous)

    | Aug. 5, 2011, 8:23 AM
  • Aug. 4, 2011, 7:56 AM

    Sources say Hitachi (HIT -4.8%) and Mitsubishi Heavy (MHVYF.PK) are discussing merging some of their ops despite officials denying the talks even after Hitachi's president said on TV a deal was in the works. The negotiations almost stalled following the media reports of the discussions. (previous)

    | Aug. 4, 2011, 7:56 AM
  • Aug. 3, 2011, 3:53 PM
    Nikkei reports Hitachi (HIT +5.3%) and Mitsubishi Heavy Industries (MHVYF.PK) are set to announce the beginning of talks aimed at a merger. The combination would create one of the world's largest infrastructure companies.
    | Aug. 3, 2011, 3:53 PM
  • Jun. 30, 2011, 8:27 AM

    Hitachi (HIT) will take part in talks with Sony (SNE) and Toshiba (TOSBF.PK) to merge their small-size LCD panel businesses. Consolidation in the intensely price-competitive LCD panel market could be good news for other players, such as AU Optronics (AUO) and LG Display (LPL).

    | Jun. 30, 2011, 8:27 AM
  • Jun. 29, 2011, 9:14 PM
    As Sony (SNE) and Toshiba (TOSBF.PK) talk about integrating on small and medium LCD panels, Hitachi (HIT) looks to jump in with them, Nikkei reports - just the thing the three need to get to 21.5% market share and surpass No. 1 Sharp (SHCAF.PK).
    | Jun. 29, 2011, 9:14 PM
  • May 31, 2011, 4:35 AM

    EU regulators are investigating two proposed mega-mergers in the hard disk drive [HDD] sector, concerned about the impact on competition. The deals involved are Seagate's (STX) $1.4B bid to buy Samsung's (SSNLF.PK) HDD unit, and Western Digital's (WDC) $4.3B bid to buy Hitachi's (HIT) HDD unit.

    | May 31, 2011, 4:35 AM | 1 Comment
Company Description
Hitachi and its subsidiaries are engaged in the development, production, sale and service of electrical machinery, semiconductors and computers. Co. is divided into seven business divisions: information & communication systems, electronic devices, digital media & consumer products, high... More
Industry: Heavy Construction
Country: Japan