Independent journal on economy and transport policy
04:13 GMT+2
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the Zoomlion Chinese has elevated the economic value of the offer in order to acquire the Terex
Offered 31 dollars per.share, a dollar in more regarding the initial proposal
March 25, 2016
The Chinese Zoomlion Heavy Industry Science & Technology Co. he has elevated the economic value of the advanced not binding offer at the beginning of this year for the acquisition of the Terex Corporation, American society that produces means of raising, proposal that initially was based on a price of 30 dollars for each action of the Terex and that now it is raised to 31 dollars ( on 28 January 2016). The attempt of takeover of the Zoomlion confligge with the fusion project that Terex has in existence with the Konecranes Finn ( on 12 August 2015).
Terex has announced that own board of directors, of understanding with the advisers financial lawyers and of the company, has established to get ahead negotiations with Zoomlion in order to reach definitive terms of the offer so as to verify the possibility to obtain a binding offer from the Chinese group that can introduce a high one of certainty to follow through the transaction.
However Terex, than based on the agreements with the Finnish group could not conclude an agreement with Zoomlion before an eventual failure by its shareholders of the project of fusion with Konecranes, has emphasized that own Board of Directors has not changed decision with respect to the recommendation to support the project of fusion with Konecranes.
From part its Konecranes has emphasized to continue to consider that the fusion between pairs with Terex represents a extremely interesting opportunity for both the companies.
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