Mergers & Antitrust Law News

Thyssenkrupp Elevator Bidders on Edge as Decision Looms (1)

Feb. 14, 2020, 8:28 AM

The four remaining bidders vying to acquire Thyssenkrupp AG’s elevator business have been left anxiously waiting as board members at the beleaguered industrial conglomerate fight over their preferred buyers.

The steelmaker’s board has been debating which suitors to choose for final negotiations after receiving the latest bids on Feb. 11, with diverging views among various executives and labor representatives, according to people familiar with the matter. A decision, which was expected in the last two days, is now dragging on into Friday or beyond, the people said.

The crux of the debate: whether to take the highest offer, from...

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