{"id":1926,"date":"2016-02-08T17:29:30","date_gmt":"2016-02-08T17:29:30","guid":{"rendered":"http:\/\/www.findadistributor.com\/news\/?p=1926"},"modified":"2016-02-08T17:30:38","modified_gmt":"2016-02-08T17:30:38","slug":"konecranes-terex-merger-update","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/konecranes-terex-merger-update\/","title":{"rendered":"Konecranes-Terex Merger Update"},"content":{"rendered":"

On August 11, Konecranes<\/a> and Terex Corporation announced that their respective boards of directors have unanimously approved a definitive agreement to combine their businesses in a merger of equals. Merger-related integration planning has started in good co-operation. The integration teams are making progress in detailing the previously announced operational synergy opportunities and developing plans to achieve these cost savings.<\/p>\n

Konecranes<\/a> continues to be convinced that the merger\u200e represents a highly compelling opportunity for both companies and their shareholders, and stands behind and remains committed to the merger. Konecranes<\/a> believes that the stock market undervalues the inherent value-creation potential of the merger.<\/p>\n

The merged entity, to be called Konecranes Terex Plc, is expected to deliver significant profitability upside based on expected market growth, on-going internal profitability improvement initiatives and synergies resulting from the merger, Konecranes said. The combined company will also have a solid capital structure and the ability to generate strong cash flow and shareholder returns through dividends and share repurchases.<\/p>\n

\"On<\/a>

On August 11, Konecranes and Terex Corporation announced that their respective boards of directors have unanimously approved a definitive agreement to combine their businesses in a merger of equals.<\/p><\/div>\n

In January 2016, the parties obtained antitrust clearances in India and Turkey. The parties have made the merger-related HSR filing to the United States Department of Justice and are in filing preparation and pre-notification discussions with the European Commission. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible.<\/p>\n

The transaction remains subject to approval by both Terex and Konecranes<\/a> shareholders, regulatory approvals and other closing conditions. Closing of the transaction is expected to occur approximately mid-year 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

On August 11, Konecranes and Terex Corporation announced that their respective boards of directors have unanimously approved a definitive agreement to combine their businesses in a merger of equals. Merger-related integration planning has started in good co-operation. The integration teams are making progress in detailing the previously announced operational synergy opportunities and developing plans to… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":1927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,10],"tags":[6,977,889,888,5,158],"class_list":["post-1926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-top","category-news","tag-hoists","tag-konecranes","tag-konecranes-terex-merger","tag-konecranes-terex","tag-overhead-cranes","tag-terex"],"acf":[],"yoast_head":"\nKonecranes-Terex Merger Update - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/konecranes-terex-merger-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Konecranes-Terex Merger Update - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"On August 11, Konecranes and Terex Corporation announced that their respective boards of directors have unanimously approved a definitive agreement to combine their businesses in a merger of equals. 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