Negotiations between Zoomlion and Terex ends.

2016-06-06

After months of speculating and rumors Terex has finally drawn a line through their take-over bid from China’s Zoomlion Heavy Industry Science and Technology Co.

 after months of speculating and rumors  Terex has finally drawn a line through their take-over bid from China’s Zoomlion Heavy Industry Science and Technology Co.
In a statement made to the customers, Terex Cranes president Ken Lousberg confirmed that the "discussions with Zoomlion  .... regarding the potential purchase of Terex Corporation have been stranded". 
they confirmed that the recently announced sale of Terex’s Material Handling and Port Solutions business segment to Konecranes is proceeded as planned, subject to regulatory and Konecranes shareholder approval. 
"We are really pleased that this announcement brings us to an end of months of uncertainties for our customers, our team members and in the first place for our  shareholders," Lousberg continues. 
"With these uncertainties behind us, the Terex team can finally focus on serving our customers." 
According to this statement, "The favourable impact of the MHPS sale will provide our financial position, enabling us to invest in some new products and a lot of services to serve you even better in the future."