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Hitachi Ltd (6501.T)

6501.T on Tokyo Stock Exchange

3,260JPY
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¥3,283
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Wed, Dec 12 2018

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ABB, Hitachi close in on power grids deal

ABB is in talks with Japan's Hitachi about the Swiss engineering group's power grid business, which it may sell to focus on more profitable divisions.

UPDATE 3-ABB, Hitachi close in on power grids deal

* ABB shares rise as much as 4.3 pct (Adds Hitachi comment, details from source)

Deals of the day-Mergers and acquisitions

Dec 12 The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:

ABB confirms talks with Hitachi on power grids business

ZURICH Swiss engineering group ABB Ltd confirmed talks with Japan's Hitachi Ltd after the Nikkei business daily said a $7 billion deal on ABB's power grids business was close.

ABB confirms talks with Hitachi on power grids business

ZURICH, Dec 12 Swiss engineering group ABB Ltd confirmed talks with Japan's Hitachi Ltd after the Nikkei business daily said a $7 billion deal on ABB's power grids business was close.

Hitachi nears deal to buy ABB's power grid business - Nikkei

Dec 12 Hitachi Ltd is in final stages of talks to buy Switzerland based ABB Ltd's power grid business for about 800 billion yen ($7.05 billion), the Nikkei business daily reported on Wednesday.

BRIEF-Hitachi Nears Deal Worth Up To $7 Bln For ABB's Power Grid Business - Nikkei

* HITACHI NEARS DEAL WORTH UP TO $7 BILLION FOR ABB'S POWER GRID BUSINESS - NIKKEI Source text: https://s.nikkei.com/2QIKGKH Further company coverage:

Hitachi shares rise after report it is considering scrapping Britain nuclear project

TOKYO Hitachi Ltd shares rose as much as 2.9 percent on Monday after Japan's TV Asahi reported the firm is considering scrapping its 3 trillion yen ($26.61 billion) nuclear project in Britain due to projections of further increases in construction costs.

UPDATE 1-Hitachi shares rise after report it is considering scrapping Britain nuclear project

TOKYO, Dec 10 Hitachi Ltd shares rose as much as 2.9 percent on Monday after Japan's TV Asahi reported the firm is considering scrapping its 3 trillion yen ($26.61 billion) nuclear project in Britain due to projections of further increases in construction costs.

UPDATE 2-Japan's Hitachi Chemical finds improper testing of 30 more products

TOKYO, Nov 2 Japan's Hitachi Chemical Co has found improper tests were conducted on nearly 30 more products, accounting for about a tenth of revenues, the firm said on Friday, deepening a compliance crisis that has battered its shares.

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