Outotec share price hike could result from investor expectations of a bid from Metso
Investors are expecting Outotec, the Finnish industrial tech company, to be targeted by the Finnish industrial company Metso, according to Arvopaperi. The Finnish language item cited a report by Handelsbanken in which the bank suggested that Outotec’s share price hike is the result of investor expectations of a takeover offer from Metso. However, the bank was not of the belief that Metso would make an now because Metso would want to concentrate on boosting its services business.
Outotec had a market cap of 1.5bn on 30 May.
Source Arvopaperi