Mayr-Melnhof surges 16% on €2.4 billion deal to sell packaging stake to KPS
In short
Shares of Mayr-Melnhof surged 16% following the announcement of a €2.4 billion agreement to sell a packaging stake to KPS. The multi-billion-euro transaction prompted the significant market rally.
Key points
- Shares of Mayr-Melnhof surged 16% following the announcement of a €2.4 billion agreement…: Shares of Mayr-Melnhof surged 16% following the announcement of a €2.4 billion agreement to sell a packaging stake to KPS.
- The multi-billion-euro transaction prompted the significant market rally.: The multi-billion-euro transaction prompted the significant market rally.