Monday, June 11, 2007

China lathe maker's unit says Jana wins stake bid

(Reuters) - "The deal will still need approval by the relevant government
departments," said the statement, published in the official
Securities Times. It gave no further details.




Sources familiar with the deal told Reuters in May that Jana
was competing with China's Sany Corp., a privately owned
manufacturer of construction machinery, for the 30 percent stake
in Shenyang Machine Tool in a deal with a minimum value of 1.01
billion yuan .


Read more at Reuters.com Mergers News

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