News: Hitachi Ltd (6501.T)

6501.T on Tokyo Stock Exchange

906JPY
27 Nov 2014
Price Change (% chg)

¥-5 (-0.53%)
Prev Close
¥911
Open
¥907
Day's High
¥915
Day's Low
¥904
Volume
14,042,000
Avg. Vol
20,030,300
52-wk High
¥915
52-wk Low
¥660

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Chinese duo joins race for Finmeccanica rail assets: sources

MILAN - Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi.

CORRECTED-(OFFICIAL)-UPDATE 1-Chinese duo joins race for Finmeccanica rail assets -sources

(Corrects eighth paragraph and third bullet point after company issues new statement removing reference to talks time-frame)

REFILE-Chinese duo joins race for Finmeccanica rail assets-sources

MILAN, Nov 27 - Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi.

TPG-Axon Capital's Singh says backs Hitachi, Europe's banks

LONDON, Nov 19 - Dinakar Singh, founding partner of hedge fund TPG-Axon Capital, said on Wednesday he was backing Hitachi over European and U.S. rivals and saw between 30 and 50 percent upside for the stock.

PHILIPPINES PRESS-Hitachi in talks with two Philippine firms for IT solutions - Philippine Star

Hitachi Ltd is in talks with two Philippine companies to offer information technology solutions and services, the Philippine Star newspaper reported.

Japan's Hitachi closes in on Finmeccanica rail assets

MILAN - Italian industrial conglomerate Finmeccanica said on Tuesday Japan's Hitachi had submitted an offer to buy rail assets it has put on the block as part of plans to cut debt.

UPDATE 2-Japan's Hitachi closes in on Finmeccanica rail assets

* Hitachi could offer around $1.7 bln for assets - Nikkei (Recasts lead, adds source, shares)

Deals of the day-Mergers and acquisitions

(Adds Informa, CIMB, Hitachi, CitySpring Infrastructure Trust, Abraaj Investment Management, Huayi Brothers Media, Hebei Iron and Steel Group)

BRIEF-Hitachi to book 47.5 bln yen gain on sale of Western Digital shares

* Says to book 47.5 billion yen ($410 million) special profit on parent basis in Oct-Dec on partial sale of Western Digital shares Further company coverage: (1 US dollar = 115.8200 Japanese yen)

UPDATE 1-Finmeccanica sees decision on rail assets sale by year-end

* Finmeccanica to present new business plan in Jan (Recasts, adds details on rail disposal process, shares)

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