- Liberty Steel Group's offer for Thyssenkrupp's (OTCPK:TYEKF) steel unit gave it a negative equity value of at least €1.5B ($1.8B), increasing the chances that the German company will decide to keep the metal business, Bloomberg reports.
- Liberty submitted a firmed-up bid for the steel unit late last month that calls for the German company to inject capital to cover liabilities including a ~€4B pension shortfall, according to the report.
- Thyssenkrupp is reviewing an offer from Liberty for its steel unit and seeking clarification on aspects of the offer, says CEO Martina Merz, who is scheduled to deliver them Friday at the company's annual general meeting.
- Thyssenkrupp's hydrogen opportunity is promising but likely priced in, Aaron Butler writes in an analysis posted recently on Seeking Alpha.