Independent journal on economy and transport policy
11:39 GMT+1
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the Zoomlion Chinese has introduced an offer in order to acquire the entire capital of the Terex American
The proposal has a value of about 3,3 billion dollars
January 28, 2016
The Chinese Zoomlion Heavy Industry Science & Technology Co. he has introduced an offer in order to acquire the entire capital of the American Terex Corporation, company that produces to means of raising and machinery from construction. The offer, than the Chinese group it has specified to follow various months of specific negotiations, is based on the price of 30 dollars for each action of Terex, that it is quoted to the Stock exchange of New York, for a total value of about 3,3 billion dollars.
We remember that in its turn Terex in existence has a project of fusion with the Konecranes Finn, company that work in the same field of the American society ( on 12 August 2015). To such purpose, communicating the reception of the proposal of takeover of the Zoomlion, the board of directors of Terex has emphasized that this not dumb the recommendation turned to the shareholders of the American society to approve of the fusion with the Finnish group. The American society however has confirmed to have reached an agreement of confidentiality with Zoomlion and being in negotiations with the Chinese group with respect to its proposal.
The Zoomlion group, that it appoints to a job 30 thousand people and it is quoted to the Stock exchanges of Hong Kong and Shanghai, mainly plans and realizes equipments and machinery for the fields of agriculture, the constructions, the energy, the atmosphere and the transports. The Chinese company has evidenced to consider that the fusion with Terex would constitute an optimal opportunity for a strategic transformation of the group through the widening and the improvement of own industrial row and the creation of international synergies with positive effects on the productivity and the production costs. Moreover - it has still evidenced Zoomlion - the fusion would have positive effects on the strategy of globalization of the company and on its performances.
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The Chinese Zoomlion Heavy Industry Science & Technology Co. he has introduced an offer in order to acquire the entire capital of the American Terex Corporation, company that produces to means of raising and machinery from construction. The offer, than the Chinese group it has specified to follow various months of specific negotiations, is based on the price of 30 dollars for each action of Terex, that it is quoted to the Stock exchange of New York, for a total value of about 3,3 billion dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
