US EditionThis Is How Kone's Giant Acquisition Was Received on the Stock Exchange
5 Articles
5 Articles
Kone's major owner Antti Herlin made the largest corporate acquisition in Finnish history on Wednesday. He celebrated the success for only five minutes. That's what his father taught him.
At the opening of the Helsinki Stock Exchange, Kone's shares trended upward.
Most analysts reacted very moderately to the Kone news. JP Morgan and Nordea have changed their investment recommendation.
The news of the acquisition announced by Kone was received with optimism in Hyvinkää, where the company has a significant factory and product development unit. The news of the acquisition of Kone Corporation was received with optimism in Hyvinkää. – We are really proud of our own flagship company, Kone, and we are happy that we as a city can cooperate well in developing their conditions here in the city, says Johanna Luukkonen, Mayor of Hyvinkää.
The Helsinki Stock Exchange was up in the afternoon. Elevator company Kone confirmed a giant acquisition of TK Elevator worth almost 30 billion euros. The company's shares were down in the afternoon.
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