
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.