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Article: DALTON INVESTMENTS COMPLETES SALE OF FUJITEC STAKE.
- Article from:
- AsiaPulse News
- Article date:
- February 18, 2008
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Dalton Investments Completes Sale of 11% Fujitec Stake to Riverbank Holdings Company, a Subsidiary of United Technologies
TOKYO and LOS ANGELES, Feb. 15 PRNewswire-AsiaNet - Firm Retains 4% Position
Dalton Investments LLC today announced that it had completed the sale of an 11% stake in Fujitec Co., Ltd. (TSE: 6406), an elevator manufacturer based in Osaka, Japan, to a wholly-owned subsidiary of United Technologies (NYSE: UTX).
Under the terms of the agreement, Riverbank Holdings Corporation, a subsidiary of United Technologies, purchased 10,477,000 Fujitec shares for 695 yen (US$6.50) ...