US DOJ Launches Deep Antitrust Probe Into Kone-TK Elevator Deal – Report
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7 Articles
Elevator company Kone announced in the spring that it would acquire its competitor TK Elevator, which would make it the largest company in its industry.
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The competition authority is assessing whether Kone's attempt to acquire its competitor TK Elevator would harm competition in the US market.
US Opens In-Depth Antitrust Review of Kone-TK Elevator Deal
The US Justice Department is investigating Kone Oyj’s €29.4 billion ($34.4 billion) purchase of rival TK Elevator, putting pressure on a deal that would create the largest elevator manufacturer in the world.
US DOJ launches deep antitrust probe into Kone-TK Elevator deal – report
The US Department of Justice (DOJ) has begun a detailed antitrust investigation into Kone's planned €29.4bn purchase of TK Elevator.The post US DOJ launches deep antitrust probe into Kone-TK Elevator deal – report appeared first on Investment Monitor.
The deal is creating the world's largest elevator company. The intervention of competition authorities is considered the biggest risk in the deal.
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