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TKAMY - Kone Oyj Should Buy Thyssenkrupp Elevators Even At A High Price
ThyssenKrupp AG ADR
Thyssenkrupp AG (TYEKF;TKAMY) is searching for a buyer for its elevator business, which is a leading player in this field. Among the first to express interest in Thyssenkrupp Elevators was Finnish Kone Oyj (KNYJF;KNYJY) which itself is among the largest elevator manufacturing and maintenance specialists in the world.
A takeover would make Kone the undisputed market leader. As such, I believe it could justify a premium in terms of valuation. Of course, such an undertaking would certainly not be cheap. After all, the estimated value of Thyssenkrupp