Du är här

2014-04-16

Metso Corporation: 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
time

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.

www.metso.com,
www.twitter.com/metsogroup

Further information, please contact:

Mikael Lilius, Chairman of the Board, Metso Corporation, tel +358 20 484 3001

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire

HUG#1777647

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.