--Activist investors Cevian Capital and Elliott Advisors aren't happy with the terms of Thyssenkrupp's merger of its European steel operations with India's Tata Steel, the Financial Times reports, citing unnamed sources.

--Sweden's Cevian, which holds 18% of Thyssenkrupp, has concerns about the joint-venture deal's valuation, while Elliott thinks the German multinational is giving away assets too cheaply, according to the FT.

--Thyssenkrupp's supervisory board decided the deal on Friday, with two board members voting against and one abstaining, the FT says. The deal doesn't require shareholder approval.

Full story: https://on.ft.com/2KoSuig

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

July 02, 2018 03:11 ET (07:11 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Thyssenkrupp (PK) (USOTC:TKAMY)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Thyssenkrupp (PK) Charts.
Thyssenkrupp (PK) (USOTC:TKAMY)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Thyssenkrupp (PK) Charts.