Press Releases 2018

Hitachi to increase stake in Ansaldo STS

Tokyo, Japan, and Rome, Italy, 29 October, 2018 – Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that Hitachi, Ltd. and its (indirectly) wholly owned subsidiary, Hitachi Rail Italy Investments S.r.l., have signed an agreement to acquire the 31.794 percent stake (63,588,837 ordinary shares) in Ansaldo STS S.p.A. owned by Elliott International, L.P., Elliott Associates, L.P. and The Liverpool Limited Partnership (together, “Elliott”) for a purchase price of Eur 12.7 per share.

Notification of Tender of Shares of Subsidiary in Tender Offer and Recognizing Extraordinary Item on an Unconsolidated Basis

Tokyo, October 26, 2018 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that it has executed a tender offer agreement (the “Agreement”) with Hennape Six SAS (the “Offeror”), a subsidiary of Faurecia S.A. (“Faurecia”), and Faurecia under which Hitachi agrees to tender all shares of common stock in Clarion Co., Ltd. (TSE: 6796, “Clarion”) held by Hitachi, in response to a tender offer (the “Tender Offer”) to be carried out by the Offeror for the shares of common stock of Clarion, a consolidated subsidiary of Hitachi.

Hitachi Decides to Conduct Public Tender Offer for Shares of Yungtay, Elevator Company Based in Taiwan

Tokyo, October 26, 2018 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that it decided to conduct a public tender offer to acquire all issued shares of Yungtay Engineering Co., Ltd. (TWSE: 1507, “Yungtay”), an elevator and escalator company in Taiwan, and submitted a binding letter to Yungtay with the intent to acquire each share at 60.0 TWD. Additionally, Hitachi has signed a contract with Chou-Li Hsu, Honorary Chairman and founding family of Yungtay, that he will tender his 4.3% of shares in Yungtay, in the case of a public tender offer by Hitachi.


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