goed nieuws Investor AB17/12/2018
Following Hitachi's announcement on Monday that it will purchase Swiss-Swedish electric company ABB for $7 billion, the latter confirmed in a press release that it intends to return 100% of the estimated net cash proceeds of $7.6-7.8 billion from the sale to its shareholders. This will be done either through a share buyback or another similar mechanism.
ABB will hold a press conference at 10 am CET as well as a conference call for analysts and investors at 2 pm CET, both on Monday, during which time further details will be confirmed.
Breaking the News / DZ