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Finmeccanica buys DRS Technologies for $5.2 billion



By ALESSANDRA RIZZO, AP
13 May 2008 @ 04:42 am EST

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Also on Tuesday, Finmeccanica said it had bought about 11.1 percent of Eurotech SpA for euro4.6 (US$7.10) per share, amounting to around euro18.1 million (US$27.93 million).

Eurotech is a leading producer of miniaturized and high-performance computers.

Finmeccanica said in a statement that the entrance into Eurotech's share capital will help it create "significant growth in the U.S. and Japan."

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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