View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 1987

OLIVETTI DOES NOT PLAN TO SELL HOLDING IN ACORN

By CBR Staff Writer

The key difference between Carlo de Benedetti and the typical American corporate raider like T Boone Pickens or Carl Icahn is that he is an investor, not a trader – the Wall Street Journal notes that he fired the first chairman of his French vehicle, Cerus, because the man wanted to take a quick profit on one of its investments: in the context of Olivetti’s investment in Acorn Computers Plc, that means that although force majeure left Olivetti with almost 80% of the equity, rather more than it would have chosen to hold, while it will be happy to see its holding reduced by a new issue of Acorn shares, it is not a seller of its holding; Acorn points out that the 20% or so of its equity that is traded on the Unlisted Securities Market represents 7,000 holders of 16m shares.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU