Exclusive: Thyssenkrupp-Kone merger would trigger litigation war - Schindler

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Exclusive: Thyssenkrupp/Kone deal will trigger litigation war - Schindler

FILE PHOTO: Thyssenkrupp's elevator test tower is pictured in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo

“We would probably file lawsuits in Europe, the United States, Canada, China and possibly Australia. These cases would take at least three to four years,” Schindler, who currently serves as the Swiss company’s chairman emeritus, said. While an outright sale to Kone would probably raise the most cash for the beleaguered conglomerate, Thyssenkrupp is concerned it might trigger antitrust investigations in a number of markets where the combined company could become a dominant player.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | U.S. District Judge Expected to Rule in Favor of Sprint-T-Mobile MergerBreaking: A judge is expected to rule in favor of T-Mobile and Sprint in the antitrust fight over their proposed merger, people familiar with the matter say Did a clerk leak lol? Gross. This will expose US communication to China and its alliance South Korea espionage risk.
Source: WSJ - 🏆 98. / 63 Read more »

WSJ News Exclusive | Federal Judge Expected to Clear Way for T-Mobile and Sprint MergerA federal judge is expected to approve T-Mobile US’s merger with Sprint, according to people familiar with the matter, clearing the way for the two wireless rivals to combine and overcoming a state antitrust challenge. The states that claim to be protecting consumers from higher phone bills are the same ones who gladly take measures that result in higher energy bills. Higher prices ahead? Telecom cos shouldn't be merging or making money until they clean up their tech. I've never seen an industry that makes so much money selling crap. Hackable phones, dangerous apps, technology that works when it's close enough to a tower. What a racket.
Source: WSJ - 🏆 98. / 63 Read more »

U.S. district judge expected to rule in favor of Sprint-T-Mobile merger: WSJA U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger...
Source: Reuters - 🏆 2. / 97 Read more »

Sprint Stock Soars 77% On T-Mobile Merger, Here’s Why One Expert Thinks It Could Keep SurgingSprint gained $15 billion in market value after its stock jumped on the merger news. So does this mean my plan will get more expensive? I love Sprint
Source: Forbes - 🏆 394. / 53 Read more »