Terex and Konecranes merger on hold

Konecranes and Zoomlion go head to head in bids to merge with US cargo handler Terex

US cargo handling specialist, Terex Corporation, has announced that it is putting on hold its merger with Finnish crane manufacturer Konecranes amid speculation that it will instead accept a buy out from Chinese manufacturer Zoomlion Heavy Industry Science & Technology Co. Ltd.

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