An Upfront Break-Up Fee From Kone Oyj Would Provide Thyssenkrupp AG With Interesting Options [Seeking Alpha]
KONE OYJ B UNSP/ADR (KNYJY)
NASDAQ:AMEX Investor Relations:
kone.com/en/investors/kone-share
Company Research
Source: Seeking Alpha
An Upfront Break-Up Fee From Kone Oyj Would Provide Thyssenkrupp AG With Interesting Options Summary Kone Oyj has reportedly offered to pay a break-up fee of €3 billion upfront in order to acquire Thyssenkrupp AG's elevator business. Thyssenkrupp could collect significant new funds at little risk. Even if a deal would be blocked by regulators, the elevator business could still be sold, while keeping the break-up fee and the division's profits until the break up. I would not be surprised if Kone was the highest bidder, but even if it is not, other contenders might be willing to match these modalities. Financial investors could agree to such terms arguably easier than Kone, as they do not face regulatory risks to the same extent. As the battle for Thyssenkrupp AG's ( OTCPK:TYEKF OTCPK:TKAMY OTCPK:KNYJF OTCPK:KNYJY As I have previously explained n elevator built by Thyssen Krupp Elevator in the Mercedes-Benz Museum, Stuttgart, Germany; source: Thyssenkrupp Elevator €3 Billion Could Make
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