TITLE

Fujitsu Buys Up Siemens Stake

AUTHOR(S)
Dreyfuss, Joel
PUB. DATE
November 2008
SOURCE
Red Herring;11/6/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces that Japanese technology company Fujitsu would pay $584 million for Siemens' half of their European information technology (IT) joint venture, Fujitsu Siemens Computers FSC. It is stated that one reason for the sale is Siemens Chief Executive Officer (CEO) Peter Löscher's declared intent to shed non-core businesses and to focus on industry, energy and health care. Fujitsu indicated that the Siemens name will be dropped once the deal is completed.
ACCESSION #
36586121

 

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