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France acquires 2.85% stake in STMicroelectronics

Posted: 29 Feb 2008  Print Version  Bookmark and Share Subscribe

Keywords: STMicroelectronics shares  France 2.85% stake 

[Summary of tips] The French government has bought a 2.85-percent stake in STMicroelectronics NV from Finmeccanica SpA for about $386 million so as to preserve ST's independence, reported French President Nicolas Sarkozy's office.A statement from the Elyse Palace, Sarkozy's official residence, indicated that France paid $15 a share for ST's stak......
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