Stock exchange release
April 16, 2014 09:30 AM EEST
Metso Board of Directors rejects Weir's proposal to commence discussions regarding a potential combination
Metso Board of Directors rejects Weir's proposal to commence discussions
regarding a potential combination
Metso Corporation's stock exchange release on April 16, 2014 at 9.30 am local
Metso announced in a stock exchange release dated April 1, 2014 that it had been
approached by The Weir Group ("Weir") with a proposal for commencing discussions
regarding a potential combination of the two companies.
The Board of Directors of Metso has carefully evaluated the proposal received
from Weir and has come to the unanimous conclusion that this proposal is not in
the best interest of
Metso shareholders. The Metso Board remains extremely positive and confident in
Metso's standalone growth and value creation prospects by pursuing its current
strategy. As a consequence, the Board has rejected Weir's proposal and sees no
reason to commence discussions regarding a potential combination.
Metso is a leading process performance provider, with customers in the mining,
construction, and oil & gas industries. Our focus is on the continuous
development of intelligent solutions that improve sustainability and
profitability. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd. Metso
employs around 16,000 professionals in 50 countries. Expect results.
Further information, please contact:
Mikael Lilius, Chairman of the Board, Metso Corporation, tel +358 20 484 3001