Home > News > France buys 2.85% stake in ST
February 27th, 2008
France buys 2.85% stake in ST
Abstract:
The French government has bought 2.85-percent stake in STMicroelectronics NV from Finmeccanica SpA for about 260 million euros (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 10 euros a share for ST's stake. The French state is likely to make an additional payment of as much as 4 euros a share based on the stock price over a period of three months.
"Integrated circuits that STMicroelectronics designs and produces play a strategic role for the innovation of major industrial branches, in France and in Europe. Thanks to its presence in France, STMicroelectronics has become a key player in research and development as well as production in the advanced technological field of nanoelectronics," the Elyse stated.
Source:
my-esm.com
Bookmark:
News and information
Nano-needles for cells May 25th, 2013
How do cold ions slide May 24th, 2013
Gold nanocrystal vibration captured on billion-frames-per-second film May 23rd, 2013
Glowing Plant Releases Maker Kit, Enabling Anyone to Make a Glowing Plant at Home: Glowing Plant seeks funds via crowdfunding and raises almost $400,000 May 23rd, 2013
Govt.-Legislation/Regulation/Funding/Policy
How do cold ions slide May 24th, 2013
Gold nanocrystal vibration captured on billion-frames-per-second film May 23rd, 2013
Whirlpools on the Nanoscale Could Multiply Magnetic Memory: At the Advanced Light Source, Berkeley Lab scientists join an international team to control spin orientation in magnetic nanodisks May 22nd, 2013
Atomic-Scale Investigations Solve Key Puzzle of LED Efficiency: MIT and Brookhaven Lab scientists use electron microscopy imaging techniques to settle a solid-state controversy and raise new experimental possibilities May 22nd, 2013
Investments/IPO's/Splits
Elsevier Business Intelligence (EBI) to Host 'IN3 Medical Device 360 Boston,' June 24-26, 2013 May 20th, 2013
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer May 16th, 2013
Nanometrics Announces Upcoming Investor Events May 14th, 2013
Nanoelectronics
Imec and Renesas collaborate on ultra-low power short range radios: Collaboration will develop robust wireless solutions for future electronics May 16th, 2013
Piezoelectric 'taxel' arrays convert motion to electronic signals for tactile imaging April 25th, 2013
Battery and Memory Device in One April 25th, 2013
Secret of the Crystal's Corners: New Nanowire Structure Has Potential to Increase Semiconductor Applications: University of Cincinnati research describes discovery of a new structure that is a fundamental game changer in the physics of semiconductor nanowires April 23rd, 2013
Announcements
Nano-needles for cells May 25th, 2013
How do cold ions slide May 24th, 2013
Gold nanocrystal vibration captured on billion-frames-per-second film May 23rd, 2013
Glowing Plant Releases Maker Kit, Enabling Anyone to Make a Glowing Plant at Home: Glowing Plant seeks funds via crowdfunding and raises almost $400,000 May 23rd, 2013