Thursday, March 29, 2007

Sumitomo to buy Westinghouse stake by June: paper

(Reuters) - The Nikkei said Sumitomo made the decision to buy the stake at a board meeting on Thursday. It will sign an agreement next month and purchase the shares by June, the paper said.

Late last year Toshiba took a 77 percent stake in Westinghouse, the U.S. power plant unit of British Nuclear Fuels, for $4.16 billion.


Read more at Reuters.com Business News

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