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 »