ThyssenKrupp (TKAG.DE) plans to spin off its stainless steel business as part of a landmark shake-up for Germany's biggest steelmaker. Analysts estimated the business, whose fortunes could determine those of the wider European industry and trigger long-awaited consolidation, was worth 2-6 billion euros ($2.9-$8.6 billion), depending on multiples used. Here are some scenarios for how events could unfold: AN INITIAL PUBLIC OFFERING
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