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General

ACORN COMPUTER HAS STAKE SOLD BY LEHMAN BROTHERS

Friday 17 January 1997 | 00:00 CET | News
Acorn (Cambridge, UK), computer group, has had an around 12.5% stake sold by Lehman Brothers (US), investment bank, to a group of around 20 institutional investors. The sale represents the remainder of the 13.7% stake acquired by Lehman Brothers from Olivetti Telemedia, unit of the Italian information technology company, in June 1996. The deal will result in Olivetti Telemedia's stake in Acorn falling to 31%. Olivetti achieved a capital gain of L57.5 bil from the sale, lower than the expected L64 bil capital gain.

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Categories: General
Countries: United Kingdom
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