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Reuters: Konecranes-Terex Deal to Proceed as China’s Zoomlion Drops Rival Bid

May 27, 2016, 07:14 AM
Filed Under: Cranes
Related: Cranes, Kronecranes, Terex

Reuters reported China's Zoomlion Heavy Industry Science and Technology Co Ltd has abandoned its $3.4 billion bid for Terex Corp after failing to agree terms, clearing the way for a smaller deal between Terex and Finland's Konecranes.

According to the Reuters report, the decision comes after months of merger talks between the three companies.

Read the full Reuters report: Konecranes-Terex Deal to Proceed as China's Zoomlion Drops Rival Bid

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