You are here: Home » Reuters » News
Business Standard

Analysis: Profit warning exposes takeover risk for Thyssenkrupp

Reuters  |  FRANKFURT 

By Christoph Steitz, Edward Taylor and Tom KäckenhoffFRANKFURT (Reuters) - A fresh hit to Thyssenkrupp shares has driven down the group's enterprise value, raising the chances of a full takeover bid, two people familiar with the matter said, a move that could derail a plan to split the group in two.The German conglomerate cut its profit forecast late on Thursday, sending its shares tumbling 12.2 percent to 16.7 euros apiece on Friday, their biggest intraday fall since June 2016.The group's enterprise value, a key gauge for potential suitors, fell to 14.3 billion euros ($16 billion), according ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, November 09 2018. 19:24 IST
RECOMMENDED FOR YOU