TKA.DE - thyssenkrupp AG
| Previous close | 22.39 |
| Open | 22.56 |
| Bid | 0.00 x 142800 |
| Ask | 0.00 x 10700 |
| Day's range | 22.07 - 22.56 |
| 52-week range | 20.67 - 27.07 |
| Volume | 2,542,079 |
| Avg. volume | 2,775,178 |
| Market cap | 13.739B |
| Beta | 1.43 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.00 |
| Earnings date | 9 Aug 2018 |
| Forward dividend & yield | 0.15 (0.68%) |
| Ex-dividend date | 2018-01-22 |
| 1y target est | 27.21 |
- Bloomberg Video•29 days ago
Elliott Management Said to Buy Stake in Thyssenkrupp
May.22 -- Bloomberg's Lynn Thomasson discusses Elliott Management Corp. taking a stake in German engineering giant ThyssenKrupp. She speaks on "Bloomberg Markets: European Close."
Reuters•12 hours agoDeal or no deal? Thyssenkrupp's CEO faces crunch Tata Steel talks
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp and India's Tata Steel are trying to hammer out the final details of a European steel joint venture which could decide the future of the German firm's Chief Executive Heinrich Hiesinger. If the final deal with Tata Steel fails to convince investors, Hiesinger would face calls to step down. Investors fear that Hiesinger might sacrifice the perfect deal to reach a self-imposed end-June deadline, eager to deliver after more than two years of talks which have left shareholders, most notably Cevian, impatient.
- Reuters•2 days ago
Explainer: Who wants what in Thyssenkrupp-Tata Steel venture talks?
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp's supervisory board is expected to decide whether to form a European steel joint venture with Tata Steel at the end of next week, bringing two years of talks to a head. Final negotiations will revolve around how to value the European assets of the two companies, which have performed very differently since the initial 50:50 joint venture deal was first announced in September. Heinrich Hiesinger, the company's chief executive, will try to meet a self-imposed end-June deadline for a decision on the deal, the core of his restructuring plan for the conglomerate.
- Reuters•3 days ago
Thyssenkrupp boards working hard to get Tata Steel deal - staff memo
Thyssenkrupp's (TKAG.DE) needs to quickly clinch a deal for a planned European steel joint venture with Tata Steel (TISC.NS), its chief executive said in an internal letter, adding this was necessary to determine the group's long-term strategy. "Therefore we are in close consultations with the supervisory board," Heinrich Hiesinger wrote in a staff note dated June 14, a day after the group's supervisory board met to discuss the deal. Thyssenkrupp, under pressure from activist shareholders Cevian and Elliott as well as powerful unions, has less than two weeks to get the deal through its supervisory board in order to hit a self-imposed end-June deadline.
- Bloomberg•3 days ago
Thyssenkrupp Shareholders Are Said to Be Skeptical of Tata Deal
Thyssenkrupp AG’s top shareholders are skeptical about the company’s plan to combine European steel operations with Tata Steel Ltd., and have discussed voting against the proposal at a board meeting as early as next week, according to people familiar with the matter. The shareholders, which include Cevian Capital and the Alfried Krupp von Bohlen und Halbach-Stiftung foundation, are pressuring management to improve the deal after a slump in profits at the Tata division made it less attractive for Thyssenkrupp. Talks over the final terms of the steel joint venture are entering a final stretch and the outcome will be decisive for Thyssenkrupp’s Chief Executive Officer Heinrich Hiesinger, who has pegged the future of the company on the deal.
- Reuters•7 days ago
Thyssenkrupp labour leaders see progress in Tata Steel JV talks
DUESSELDORF/FRANKFURT/LONDON (Reuters) - Labour representatives at Thyssenkrupp have moved closer to an agreement with management over a planned European steel joint venture with Tata Steel, a member of the group's supervisory board said on Thursday. "We have made progress in talks with management over the steel joint venture with Tata," Markus Grolms, Thyssenkrupp's supervisory board vice chairman and trade union secretary at the IG Metall union, told Reuters. Sources told Reuters a day earlier that both groups were struggling to finalise the joint venture, citing a valuation gap of between 500 million and 3 billion euros ($587 million to $3.5 billion) that needed to be addressed in negotiations.
- Reuters - UK Focus•7 days ago
Thyssenkrupp labour leaders see progress in Tata Steel JV talks
DUESSELDORF/FRANKFURT/LONDON, June 14 (Reuters) - Labour representatives at Thyssenkrupp have moved closer to an agreement with management over a planned European steel joint venture with Tata Steel (BSE: TATASTEEL.BO - news) , a member of the group's supervisory board said on Thursday. "We have made progress in talks with management over the steel joint venture with Tata," Markus Grolms, Thyssenkrupp's supervisory board vice chairman and trade union secretary at the IG Metall union, told Reuters.
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Reuters•7 days agoMind the gap - Thyssenkrupp in value struggle with Tata Steel
FRANKFURT/DUESSELDORF (Reuters) - Germany's Thyssenkrupp and India's Tata Steel are struggling to get the planned merger of their European steel operations on track due to diverging values of their businesses, people familiar with the matter said. Since the two struck an initial deal in September, Thyssenkrupp's businesses have performed better than Tata Steel's, requiring both firms to reassess what their operations are worth and potentially rethink the deal, four sources said. Options now include adjusting the amount of debt both groups will transfer to the venture or Tata Steel making a cash payment to Thyssenkrupp to settle the difference or changing the 50-50 ownership of the planned entity, the sources said.
- Reuters - UK Focus•7 days ago
Mind the gap - Thyssenkrupp in value struggle with Tata Steel
FRANKFURT/DUESSELDORF, June 13 (Reuters) - Germany's Thyssenkrupp and India's Tata Steel (BSE: TATASTEEL.BO - news) are struggling to get the planned merger of their European steel operations on track due to diverging values of their businesses, people familiar with the matter said. Since the two struck an initial deal in September, Thyssenkrupp's businesses have performed better than Tata Steel's, requiring both firms to reassess what their operations are worth and potentially rethink the deal, four sources said. Options now include adjusting the amount of debt both groups will transfer to the venture or Tata Steel making a cash payment to Thyssenkrupp to settle the difference or changing the 50-50 ownership of the planned entity, the sources said.
- Bloomberg•8 days ago
Thyssenkrupp, Tata Discuss Changing Steel Deal Terms
Thyssenkrupp AG and Tata Steel Ltd. are discussing changing the terms of their steel joint venture in a way that could give Thyssenkrupp a bigger share of earnings, according to people familiar with the matter. While nothing has been decided yet, one possibility being considered is to increase Thyssenkrupp’s equity stake in the joint venture and keep the voting rights at a 50-50 split, said the people, who asked not to be identified because the talks are private. Thyssenkrupp is pushing for changes to the deal after profits plunged at Tata’s European steel business, said the people.
- Reuters•10 days ago
Tata Steel Europe workers question rationale of Thyssenkrupp tie-up
LONDON/FRANKFURT/DUESSELDORF (Reuters) - Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form. The remarks deal a fresh blow to Thyssenkrupp boss Heinrich Hiesinger, at the helm of the German steel-to-submarine group for more than seven years, whose plan to sharpen the company's focus on technology largely depends on the steel transaction. Tata Steel's European Works Council (EWC) said on Monday that numerous details of the deal still needed to be hammered out before they could endorse a deal.
- Reuters - UK Focus•10 days ago
Tata Steel Europe workers question rationale of Thyssenkrupp tie-up
LONDON/FRANKFURT/DUESSELDORF, June 11 (Reuters) - Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form. The remarks deal a fresh blow to Thyssenkrupp boss Heinrich Hiesinger, at the helm of the German steel-to-submarine group for more than seven years, whose plan to sharpen the company's focus on technology largely depends on the steel transaction.
- The Telegraph•10 days ago
Tata-Thyssenkrupp merger faces union demands over jobs
Tata-Thyssenkrupp merger faces union demands over jobs
- Bloomberg•10 days ago
Elliott Urges Thyssenkrupp to Negotiate Better Tata Steel Deal
Elliott Capital Management urged Thyssenkrupp AG to negotiate a better steel joint venture with Tata Steel Ltd., increasing pressure on the German company’s management to deliver more favorable terms. In a letter to Thyssenkrupp management, Elliott highlighted the divergence in performance in Tata and Thyssenkrupp’s steel businesses. The weakness in Tata’s recent performance means that a tie-up is now less favorable for Thyssenkrupp, according to Elliott.
- Reuters•13 days ago
Thyssenkrupp examines sale of naval vessels business - source
German conglomerate Thyssenkrupp (TKAG.DE) is examining a full or partial exit from its naval vessels business, which is part of the group's Marine Systems unit, a person familiar with the matter said. Thyssenkrupp said it generally does not comment on market speculation. Thyssenkrupp Marine Systems was hit earlier this year when a consortium it was part of was excluded from a German military tender for the country's new MKS 180 warship.
- The Wall Street Journal•23 days ago
[$$] How Many Activists Does It Take To Change An Industrial Icon?
Elliott Management’s noisy brand of activism could be just what Thyssenkrupp needs. Paul Singer’s hedge fund last week confirmed reports that it had a stake in the German industrial icon, which produces steel, elevators and a panoply of car parts and other industrial goods. Cevian Capital, Europe’s largest activist fund, owns a $3 billion or 18% stake in Thyssenkrupp, and sits on its supervisory board.
- The Wall Street Journal•27 days ago
[$$] Activist Elliott Discloses Stake in Germany’s Thyssenkrupp
Activist investor Elliott Management Corp. on Thursday said it had taken a stake in German industrial giant Thyssenkrupp AG, entering another European corporate battle at a company already under pressure to break itself up. Shares in the company have slumped more than 22% during Heinrich Hiesinger’s seven-year tenure as chief executive. Swedish activist investor Cevian Capital AB is the biggest stakeholder in the company with more than 13%, according to FactSet.
- Reuters•28 days ago
Investor Elliott's stake raises pressure on Thyssenkrupp CEO
FRANKFURT/BERLIN (Reuters) - Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp's leadership to revive the German industrial conglomerate's fortunes, confirming it had taken a stake of less than 3 percent. "Elliott believes Thyssenkrupp has significant scope for operational improvement which would benefit all stakeholders," Elliott said in a brief statement, adding it would soon seek to start a constructive dialogue with the group's boards.
Reuters•28 days agoInvestor Elliott's stake raises pressure on Thyssenkrupp CEO
FRANKFURT/BERLIN (Reuters) - Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp's (TKAG.DE) leadership to revive the German industrial conglomerate's fortunes, confirming it had taken a stake of less than 3 percent. "Elliott believes Thyssenkrupp has significant scope for operational improvement which would benefit all stakeholders," Elliott said in a brief statement, adding it would soon seek to start a constructive dialogue with the group's boards.
- Business Wire•28 days ago
Elliott Advisors (UK) Limited Statement on thyssenkrupp AG
LONDON--(BUSINESSWIRE)-- Further to recent media speculation, funds advised by Elliott Advisors (UK) Limited (“Elliott”) confirm that they are significant shareholders in thyssenkrupp AG (“thyssenkrupp” ...
- Reuters•28 days ago
Thyssenkrupp CEO feels heat after investor vote of no confidence
FRANKFURT/DUESSELDORF, Germany (Reuters) - Heinrich Hiesinger's position as Thyssenkrupp's (TKAG.DE) CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors, including Cevian and Elliott, people familiar with the matter said. A 10 percent gain in the industrial group's share price on news that hedge fund Elliott was taking a stake on Tuesday, the biggest single-day gain in almost a decade, laid bare the dwindling faith investors have in Hiesinger to turn the group around. Elliott's engagement comes as investors' patience is thinly stretched over the length of time it is taking Hiesinger to divest the group's legacy steel business into a joint venture, a move aimed at revealing the value of Thyssenkrupp's higher-tech businesses.
- Reuters•28 days ago
Thyssenkrupp CEO feels heat after investor vote of no confidence
FRANKFURT/DUESSELDORF, Germany (Reuters) - Heinrich Hiesinger's position as Thyssenkrupp's CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors, including Cevian and Elliott, people familiar with the matter said. A 10 percent gain in the industrial group's share price on news that hedge fund Elliott was taking a stake on Tuesday, the biggest single-day gain in almost a decade, laid bare the dwindling faith investors have in Hiesinger to turn the group around. Elliott's engagement comes as investors' patience is thinly stretched over the length of time it is taking Hiesinger to divest the group's legacy steel business into a joint venture, a move aimed at revealing the value of Thyssenkrupp's higher-tech businesses.
- Reuters•29 days ago
Elliott poised to take Thyssenkrupp stake: source
FRANKFURT/DUESSELDORF/LONDON (Reuters) - Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp, a source familiar with the matter said, increasing pressure on management to restructure the group. The Germany company's CEO Heinrich Hiesinger, in the job since 2011, has already faced criticism from shareholders for being too slow to move Thyssenkrupp away from its steel-making roots and sharpen its focus on industrial goods. Swedish investment firm Cevian, Thyssenkrupp's second-largest shareholder with about 18 percent, has been the most vocal critic of Hiesinger's strategy, saying the company needs a more radical shake-up.
- Bloomberg•29 days ago
Elliott Management Said to Buy Stake in Thyssenkrupp
Bloomberg's Lynn Thomasson discusses Elliott Management Corp. taking a stake in German engineering giant ThyssenKrupp. She speaks on "Bloomberg Markets: European Close." (Source: Bloomberg)
