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Hitachi Drops $920M For Elliott Stake In Italy's Ansaldo

By Adam Rhodes ( October 29, 2018, 4:07 PM EDT) -- Japan's Hitachi Ltd. on Monday said it and an Italian rail unit have agreed to buy a nearly 32 percent stake in Ansaldo STS SpA owned by affiliates of Elliott Management Corp. for roughly €808 million ($919. 5 million), increasing the unit's existing stake to roughly 82. 6 percent. . . .

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