Metso rejects second Weir offer

Metso is reported as having rejected a second takeover bid from the UK’s Weir Group that increased the latter’s valuation of Metso by 20%. The improved offer of €30.49 (US$41.54) per share valued the Finnish company at US$4.5 billion, up from the initial April offer of US$25.6 (US$34.88) per share.…