Thyssenkrupp picks bidders for next round in elevator deal-sources

FRANKFURT/DUESSELDORF, Germany, Oct 22 (Reuters) – At least ten strategic and private equity firms have been invited to submit indicative bids for Thyssenkrupp’s prized elevator division, two people familiar with the matter said. Information memorandums (IM), which include a more detailed account of the unit’s finances, were sent to potential bidders last week, the people said. Bids are usually due about four weeks after information packages have been distributed. …read more

Source:: Yahoo Finance

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