Finnish elevator maker Kone to acquire TK Elevator in €29.4 billion deal
Finnish elevator company Kone (KNYJF:OTCMKTS) is set to acquire its German competitor TK Elevator in a €29.4 billion cash-and-stock deal. The transaction includes €5 billion in cash and 270 million new shares valued at €15.2 billion, giving Kone a 33.8% share and 18.3% voting power post-merger.
Topics: Corporate Acquisition Elevator Industry Finnish-German Business Deal M&A