HELSINKI, April 1, 2014 (Press Release) - Metso Corporation notes speculation in the media this morning concerning a potential transaction between The Weir Group Plc ("Weir") and Metso.
Metso confirms that it has recently received an unsolicited approach by Weir with a proposal for commencing discussions concerning a potential combination of the two companies. Metso occasionally receives these types of proposals and, in case the Board of Directors of Metso considers them serious, evaluates such proposals. Contrary to market rumors, Metso is currently not and has not been engaged in discussions with Weir although it is in the process of considering Weir's proposal.
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.