Italy court accepts Hitachi request in Ansaldo STS bid: sources

An Italian court has accepted a request by Hitachi to suspend a decision by market watchdog Consob calling on it to raise the price of its mandatory bid on Ansaldo STS, three legal sources said. Hitachi launched a 9.5 euro ($10.53) per share mandatory public offer to buy out Ansaldo STS minority shareholders on Jan. 4 after buying a 40 percent stake in the Italian rail signaling company from Finmeccanica last year at the same price. Both Hitachi and Amber appealed the decision.