0809 GMT - Kone's acquisition of TK Elevator looks expensive and introduces considerable risk into what had previously been a clean equity case, RBC Capital Markets analyst Nick Housden writes. The deal value looks somewhat above previous media suggestions of around 25 billion euros, he adds. "It is interesting to us that TKE is being valued ahead of Kone, a company with a long track record of solid growth and operational execution." RBC says the deal economics look good if it provides full benefit for synergies, but there is obvious execution and potentially antitrust risk. "We worry that the Kone equity case--industry-leading growth, strong sales execution and healthy margin expansion--will now, for the next two years or more, be subsumed by the TKE deal." Kone shares rise 1.5%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

April 29, 2026 04:10 ET (08:10 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.