Tag Archives: Metso

Weir Group Makes An Offer For Slimmed Down Metso

Just a few months after spinning off its low margin paper and pulp automation business, Metso (OTC:MXCYY) confirmed that it received an ‘unsolicited approach’ from the Weir Group (OTC:WEIGY) about a possible combination. Although the financial terms of the offer were not released, Metso’s shares still spiked over 20% after the rumors came out. Weir’s Board believes that ‘there… Read More »

Metso Rang In The New Year With Valmet Spinoff

After a few stops in Australia, the international spinoff (or demerger as the rest of the world calls them) tour continues in Europe with Metso’s (OTC:MXCYY) recent separation of its pulp, paper and power business. The demerger was registered on December 31st and shares in the new company, Valmet Corporation (HLSE:VALMT), began trading on the NASDAQ OMX Helsinki… Read More »