Neles Corporation has received a merger proposal from Valmet Corporation
Neles Corporation Stock Exchange Release 29 September 2020 at 12.23 p.m. EESTNeles Corporation ("Neles") refers to the stock exchange release published by Valmet Corporation ("Valmet") today regarding a merger proposal made to Neles' Board of Directors (appendix 1). Neles confirms that it has today received an unsolicited letter from Valmet proposing a merger between Neles and Valmet (the "Letter"). The Letter does not include a proposal for the specific terms of the merger, such as an exchange ratio. The Board of Directors of Neles will assess the Letter and consider potential further