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Investor Alert

May 4, 2020, 3:35 a.m. EDT

Thyseenkrupp shares slump on worries over elevator sale

Shares of Thyssenkrupp (FRA:DE:TKA) skidded 17% in early action Monday on concerns over whether a deal to sell its elevators unit will go ahead. The Financial Times reported that Cinven and Advent are seeking other investors for the 17.2 billion euro deal, which was the biggest European buyout deal in a decade. The report did say that even if no more investors came in, the groups would still be able to complete the acquisition.

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