Toshiba (6502 JT) is reportedly considering cutting its elevator stake as Kone (KNEBV FH) circles, Bloomberg reports
Newsquawk Staff ·
Toshiba (6502 JT) is reportedly considering cutting its elevator stake as Kone (KNEBV FH) circles, Bloomberg reports.
What it means
Toshiba's consideration to cut its elevator stake in response to Kone's interest suggests potential strategic realignment or a focus on core operations. This move could indicate a valuation perspective given Kone's track record in the sector, and may spur further consolidation discussions across the industry, creating ripple effects for peers in the market.
- Genmab (GMAB/GMAB DC) announced positive topline results from the global Phase 3 LiGeR-HN1 trial evaluating petosemtamab
- Eli Lilly’s (LLY) retatrutide delivered greater A1C reduction and more than double the weight loss of Novo Nordisk’s (NOVOB DC) Ozempic at its highest approved dose in head-to-head trial
- Newsquawk Daily European Opening News - 26th October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
- PRE-MARKET JAPAN AND SOUTH KOREAN STOCKS NEWS: Seven & i Holdings (3382 JT) is looking to expand its 7-Eleven convenience store business into Europe following its exit from India
Related headlines
- TPG pursues USD 5bln acquisition of UK data centre group Ark, according to FT10 hours ago
- Syngenta targets at least a USD 66bln valuation in Hong Kong IPO11 hours ago
- HP (HPQ), Asus (2357 TT) and Acer (2353 TT) are shifting some PC production from Thailand and Vietnam back to China to combat soaring component costs driven by AI-related memory and storage shortages, reports Nikkei citing sources20 hours ago
- Universal Music Group (UMG NA) discusses going private with buyout firms, according to Bloomberg1 day ago
- Japan's Sakana AI to build homegrown model to cut US and China reliance, reports Nikkei1 day ago
- Japan's Sakana AI to build homegrown model to cut US and China reliance, Nikkei reports1 day ago
- Foxconn (2317 TT) has brought online an AI factory powered by an NVIDIA (NVDA) DGX supercomputing cluster2 days ago
- US FDA has approved Novo's (NOVOB DC) once-weekly insulin treatment for paediatric patients with type 2 diabetes mellitus4 days ago
- Meta's (META) Muse AI to counter China models with subscribers, not ads, Nikkei reports4 days ago
- Toyota (TM) to recall 68k late model 2022-2024 Lexus NX vehicles in the US due to a display flaw4 days ago
- Genmab (GMAB) Phase 3 Rina data in ovarian cancer shows PFS and OS endpoints were met4 days ago
- TikTok’s US entity is reportedly exploring deals to secure multiple gigawatts of computing capacity over the coming years, according to CNBC4 days ago
- Infosys (INFY) Q2 2026 (INR): Net profit 78.2bln (exp. 79.3bln ), revenue 492.4bln (exp. 491.3bln); lowers FY27 revenue view5 days ago
- Anthropic and Hg have agreed to form an independent consultancy Co. targeting corporate clients, FT reports citing sources5 days ago
- European Commission will discuss drug pricing concerns raised by EU countries and pharmaceutical companies as they navigate US pressures, reports Politico5 days ago