1254 GMT - Kone Oyj's acquisition of competitor TK Elevator is unlikely to happen given antitrust concerns, J.P. Morgan analysts say in a research note. Nevertheless, if the antitrust concerns can be overcome, the deal would give Kone a market share well above its peers, the analysts say. It would also increase Kone's exposure to the highly attractive U.S. market and simultaneously dilute its exposure to the still-challenged domestic Chinese market, they add. Kone shares trade 0.6% higher at 58.16 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

Investors don't expect Kone Oyj's acquisition of competitor TK Elevator to happen given antitrust concerns. "Kone Oyj's Acquisition of TK Elevator Unlikely to Happen, JPM Says -- Market Talk," on March 17 at 1254 GMT, incorrectly said J.P. Morgan says the deal is unlikely to happen in the headline and body.

(END) Dow Jones Newswires

March 18, 2026 06:12 ET (10:12 GMT)

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