|Bid||24.78 x 142800|
|Ask||24.79 x 10700|
|Day's range||24.65 - 25.00|
|52-week range||19.41 - 27.07|
|PE ratio (TTM)||-22.52|
|Earnings date||23 Nov 2017|
|Dividend & yield||0.16 (0.53%)|
|1y target est||N/A|
Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel, it said in a statement published on Sunday after a supervisory board meeting. The meeting was held after Thyssenkrupp top management's move this week to sign a memorandum of understanding with Tata Steel for a 50-50 joint venture. The working group will consist of members of the executive boards of Thyssenkrupp AG, Thyssenkrupp Steel Europe, which is the unit for the steel activities within the wider group, representatives of Thyssenkrupp's works councils and the works councils of the steel sites, the statement said.
Several thousand steelworkers took to the streets of Bochum in Germany's industrial heartland on Friday to protest against the planned merger of the European steel units of Thyssenkrupp and Tata Steel. Just two days before general elections in Europe's biggest economy, the demonstrators protested against up to 4,000 job cuts that will be made should the joint venture go ahead. Thyssenkrupp and Tata this week said they had signed a memorandum of understanding for a 50-50 joint venture that would create Europe's second-biggest steelmaker after ArcelorMittal, with combined sales of about 15 billion euros ($18 billion).
Workers unite in steely opposition to Thyssenkrupp's deal with Tata