For the last three years, Medtronic has held about a 7.4 percent stake in Synectics.

It put the ball clearly in the court of the German Government, which would retain about a 45 percent stake in the new company.

Enron would retain about a 5 percent stake, the executives said.

Together, the two hold about a 7 percent stake in the company.

Calpers owns more than 1.3 million Grace shares, about a 1.4 percent stake.

The preferred can be converted into the same number of common shares and would give Donaldson about a 12 percent stake in the banking company.

Fidelity Funds, as of February, owned 9.1 million shares, about a 13 percent stake.

Citigroup would continue to hold about a 9 percent stake.

After the transaction, Western would hold about a 20 percent stake in Hanover.

The Spanish Government owns about a 30 percent stake in the telephone company.