Zoomlion Ups Offer to Buy Terex

Zoomlion has upped its original $3.3 billion offer to $3.37 billion for Terex cranes

March 16, 2016
The Wall Street Journal
Zoomlion Heavy Industry NA, Inc.
terex 10835350 56e96c3b4ac9b

Zoomlion has responded after Terex said last month the Chinese construction equipment manufacturer needed to 'sweeten' it's offer in order for Terex to abandon its merger agreement with Finland's Konecranes. Zoomlion has responded with a new offer of $3.37 billion.

Zoomlion's original offer was for $3.3 billion, or $30 a share. The new offer equates to $31 a share.

According to an article from the Wall Street Journal, Terex responded to the new offer asking Zoomlion to increase it to $32.75 a share — $190 million more.

(more on Zoomlion's latest offer to buy Terex cranes...)

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