Zoomlion eyes Terex acquisition

Industry news portal The Construction Index is reporting that Zoomlion Heavy Industry Science & Technology Company has made an unsolicited offer of $30 per share. Terex has entered into a confidentiality agreement with Zoomlion and is in discussions, but remains committed to going ahead with its planned merger with Konecranes. In a statement, Terex said: ‚ÄúConsistent with its fiduciary duties, the Terex board of directors, in consultation with its legal and financial advisors, is carefully reviewing the Zoomlion proposal to determine the course of action that it believes is in…

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