Equipment Type

Update: Terex Rejects Zoomlion Takeover Approach

Offer of $30 a share refused. Bloomberg Business valuesTerex at about $3.3 billion.

January 27, 2016

Terex has reportedly rebuffed the proposal from the Chinese manufacturer and is focused on completing its merger with Konecranes. Zoomlion has not abandoned its interest in Terex but it is not clear if the company will improve on its offer.

Zoomlion is China’s second biggest maker of construction equipment by revenue and has announced $793 million of acquisitions in the past five years.

Source: Bloomberg Business

More like this

Comments on: "Update: Terex Rejects Zoomlion Takeover Approach"

Subscribe Today

Enter your email address here to be automatically subscribed to our daily newsletter!

Overlay Init