Reuters reveals Kone is mulling a bid for Thyssenkrupp Elevators; market reacts

Reuters exclusively reported that Finland’s Kone was consulting bankers about a potential bid for Thyssenkrupp’s elevators division – news that sent Thyssenkrupp shares 6% higher and Kone stock up 4%. Kone is assessing the viability of making a bid for the unit, which could be worth 14 billion-euros ($15.7 billion), even as the German conglomerate pursues plans to list it.