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Kone Nears €29 Billion Acquisition of Rival TK Elevator
Finnish elevator company Kone is reportedly close to finalizing a €29 billion deal to acquire its competitor, TK Elevator. This acquisition would mark one of Finland's largest corporate takeovers and create a major European industry player.
28 Apr, 23:20 — 29 Apr, 07:34
The Story
Analyzing sources…
Source Diversity
Source Diversity
Excellent (76/100)9 sources33/33
Spectrum spread— 3/5 buckets covered17/33
Far L
Left3
Left (3)
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Center (4)
bloombergyle-newsReutersFT
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Right (2)
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Geographic diversity— 6 regions26/34
Finland3US2Germany1France1Intl1UK1
Sources
Showing 5 of 9 sources
ReutersVery High3h ago
Kone to buy rival TK Elevator in $34.4 billion deal - Reuters
Kone to buy rival TK Elevator in $34.4 billion deal Reuters
Read full article →bloombergHigh1h ago
Finland’s Kone Agrees to Buy TK Elevator for €29.4 Billion - Bloomberg.com
Finland’s Kone Agrees to Buy TK Elevator for €29.4 Billion Bloomberg.com
Read full article →FTVery High9h ago
Lift maker Kone close to finalising €29bn deal to buy TK Elevator
Transaction would mark a successful sale of German company by private equity firms Advent and Cinven
Read full article →cnbcMostly Factual1h ago
Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal
The combination would create the world’s largest elevator maker and marks one of Europe's biggest takeovers in recent years.
Read full article →yle-newsHigh2h ago
Wednesday's papers: Kone's €29bn buyout, Finland trails Estonia in rural house prices, and erotic bingo night violence
Kone's acquisition of TK Elevator would be the largest in Finnish history — and also make it the world's largest elevator company.
Read full article →Coverage Timeline
First report: FT · 28 Apr, 23:20|Full coverage: 9 · 8h|Window: 8h
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