ITT DENIES IT WILL SELL REMAINING 24% STAKE IN STC

A senior ITT executive has denied that the US company intends to sell its remaining 24% stake in STC Plc after STC’s annual meeting, according to the Financial Times: ITT has now sold all its computer and telecommunications interests into a joint venture controlled by Alcatel NV and hanging on to the 24% stake in STC makes no commercial sense.

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