Terex Halts Konecranes Merger Integration Work

Move follows the recent $3.3 billion acquisition offer from Chinese crane manufacturer Zoomlion

Reuters

Terex Corp., a U.S. manufacturer of cranes said on Friday it had halted all work on its integration with Finland's Konecranes Abp. The moves comes following a $3.3 billion acquisition offer from China's Zoomlion. While Terex has made no decision on whether it will abandon its agreed merger with Konecranes, the move is the clearest indication yet that it views a sale to Zoomlion as a realistic alternative, despite concerns such a deal could be blocked by the United States on national security concerns.

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