Finland"s Kone OYJ ponders purchase of Thyssenkrupp"s $16B elevator unit

The German factories operated by Thyssenkrupp's elevator division need to be optimized, the unit's chief executive said, adding talks with labor representatives have already started......»»

Thyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, aims to improve its profitability through cost cuts, more efficient factories and a higher share of lucrative service contracts, it said on Wednesday......»»

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Thyssenkrupp will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as the closely-watched auction gathers pace regardless of the planned ousting of CEO Guido Kerkhoff......»»

By Edward Taylor, Christoph Steitz, Tom Käckenhoff and Arno Schuetze.....»»

Thyssenkrupp on Monday said it was sticking to plans to float its elevator business after a media report said the conglomerate was planning to start talks in autumn on selling the unit......»»

Thyssenkrupp on Friday scrapped plans to break into two parts in favor of a listing of its prized elevator unit, responding to a massive decline in its share price since the breakup plans were unveiled in September......»»

Large shareholders of Thyssenkrupp and Kone have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily......»»

Industrials conglomerate Thyssenkrupp on Friday appointed Peter Walker as the new chief executive of its prized elevators unit, the group said......»»

General Mills Inc said on Friday it would buy Tyson Foods Inc's pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio at a time people are increasingly adopting cats and dogs......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

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ThoughtWorks, a Chicago-based software consultancy giant, has acquired another startup—its second company purchase of 2021. The company announced Monday that it has acquired Fourkind, a Finland-based machine learning and data science consulting .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Thyssenkru.....»»

Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW [KFW.UL] and the expected transfer of funds from the sale of its elevator division, its chief financial officer said......»»

Shares of Thyssenkrupp skidded 17% in early action Mo.....»»

Germany's Thyssenkrupp expects the coronavirus crisis to cause a new financial squeeze, scuppering hopes that selling its elevator business would deliver a swift cash respite for the embattled firm, its management board told staff in a letter......»»

Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding......»»