Thyssenkrupp belatedly stumbles on best M&A option

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Thyssenkrupp belatedly stumbles on best M&A option
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Thyssenkrupp belatedly stumbles on best M&A option LiamWardProud

Finland's Kone is assessing the viability of a bid for Thyssenkrupp's elevators division, Reuters reported on May 15 citing four people familiar with the matter.

"What the company needs is guaranteed proceeds. The IPO is a safe option. Other options are subject to execution risk," a person familiar with the matter said, according to Reuters.

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