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Hitachi to buy Italian rail business for more than $2B

TOKYO -- Hitachi has landed a deal to buy the railway business of Italy's Finmeccanica for a sum seen exceeding 250 billion yen ($2.08 billion), according to a source familiar with the matter.

     This will mark Hitachi's biggest acquisition ever, eclipsing its 2003 purchase of IBM's hard-disk-drive business for 240 billion yen.

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