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Hitachi Agrees to Buy Elliott's Stake in Italy's Ansaldo STS, Ending Feud

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MILAN (Reuters) - Hitachi has wrapped up a bitter feud with U.S. activist investor Elliott over Ansaldo STS , agreeing to buy the fund's stake in the Italian rail signaling group as part of a move to take full control. The Japanese conglomerate could spend as much as 1.25 billion euros to become the sole owner of Ansaldo STS, which it said would have a leading role to play in growing its rail business, including through acquisitions...

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