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November 21, 1993

BULL ASK NEC TO INCREASE IT’S STAKE

By CBR Staff Writer

Compagnie des Machines Bull SA has asked NEC Corp to increase its stake in the company, where it currently holds 4.4%, NEC announced in Tokyo: a local newspaper said Bull had asked NEC to invest another $65m, but that would scarcely do more than maintain its present stake; there was no word of the restructuring that was expected to be announced on Friday, but reports before the announcement made it sound more like a simple rearranging of the furniture rather than the root-and-branch revamp needed.

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