SA News • Wed, Dec. 17
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Wed, Dec. 17, 11:05 AM
- A Hitachi (OTCPK:HTHIY) exec has confirmed a company bid for Finmeccanica's (OTCPK:FINMY) train-making unit AnsaldoBreda and a 40% stake in its rail signaling company Ansdaldo.
- Chief Operating Officer Toshiaki Higashihara declined to comment on the bid price, but the Nikkei previously reported that the offer was likely worth around $1.7B.
- Finmeccanica said on Tuesday it had received an offer from Insigma for AnsaldoBreda.
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HTHIF vs. ETF Alternatives
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
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