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Deals Rumor Mill: Ansaldo STS, Meezan Bank, Kuwait Energy

By Benjamin Horney (May 21, 2018, 5:16 PM EDT) -- Japan's Hitachi Automotive Systems Ltd. is preparing to buy Elliott Management Corp.'s stake in Ansaldo STS SpA,the rail-signaling subsidiary of Italian conglomerate Leonardo SpA, which was formerly known as Finmeccanica SpA, according to a Monday report from Reuters. Alistair Dormer, CEO of Hitachi Rail and chairman of Ansaldo, told a local outlet that the firm is "ready to buy Elliott's shares in Ansaldo STS, but at a fair price," according to Reuters. Hitachi, which owns a 50.77 percent stake in Ansaldo as of now, hopes to ultimately acquire 100 percent of the business, the report noted. Elliott owns a stake of just over 31 percent, making it the second largest Ansaldo shareholder, the report said....

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