Metso back under the spotlight - again!
I see Finnish engineering company Metso has today rejected Weir Group's £8.5 billion all-share merger proposal. Not much of a surprise there following last week's shenanigans on Betaville.
Weir Group said in its statement that it had offered 0.8400 shares per Metso share to the Finnish company's board.
If you use both companies' share prices from the day before the initial leak announcements, Weir Group's offer is pitched at about an 8pc premium valuing each Metso share at around Euro 25.70. ..
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