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ABB is said to tap BofA, UBS to help explore options for robotics division

ABB subsidary in Krakow city.

yuelan/iStock Editorial via Getty Images

ABB (OTCPK:ABBNY) has engaged Bank of America and UBS Group to help assess options for its robotics arm, Bloomberg News reported Monday, citing people with knowledge of the matter.

The two banks are advising ABB (OTCPK:ABBNY) as it evaluates

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