Elliott Is Said to Increase Ansaldo STS Position to Almost 30%

  • Hitachi bought Finmeccanica interest in Ansaldo STS, rail unit
  • Hitachi mandatory bid for rest of Ansaldo STS fell short

Paul Singer’s Elliott Management holds securities that could give the U.S. hedge fund a stake of almost 30 percent in Ansaldo STS SpA, a further blow to Hitachi Ltd’s plan to gain full control of the Italian train signaling company, according to people familiar with the matter.

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