{"id":1992,"date":"2016-02-23T08:29:33","date_gmt":"2016-02-23T08:29:33","guid":{"rendered":"http:\/\/www.findadistributor.com\/news\/?p=1992"},"modified":"2016-02-23T08:29:33","modified_gmt":"2016-02-23T08:29:33","slug":"konecranes-terex-merger-another-statement-issued","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/konecranes-terex-merger-another-statement-issued\/","title":{"rendered":"Konecranes-Terex Merger: Another Statement Issued"},"content":{"rendered":"

At the end of last week, Konecranes<\/a> issued a statement clarifying information that was released into the market the day before by unnamed sources relating to the ongoing Konecranes-Terex merger process.<\/p>\n

Konecranes<\/a> stressed it is fully committed to the merger and continues to believe that the merger\u200e represents a highly compelling opportunity for both companies and their shareholders. All the work streams required to complete the transaction as soon as practicable are proceeding as planned, the statement continued.<\/p>\n

The Terex board of directors has not changed its recommendation of the merger but reports suggest it has suspended all integration work on the merger.<\/p>\n

A Konecranes<\/a> statement confirmed: \u201cIn view of the progress made in the last seven months on post-merger business integration planning, and given the challenging business environment, Konecranes<\/a> and Terex determined to temporarily suspend post-merger business integration planning discussions, being only one of the merger work streams, to focus on their respective businesses and completion of the merger.\u201d<\/p>\n

\"Konecranes<\/a>

Konecranes has issued another statement related to the Terex merger.<\/p><\/div>\n

On August 11, 2015 Konecranes<\/a> and Terex Corporation announced that their respective boards of directors had unanimously approved a definitive agreement to combine their businesses in a merger of equals.<\/p>\n

Since then, at the end of January 2016, Terex Corporation confirmed that it had received an unsolicited, non-binding acquisition proposal from Zoomlion Heavy Industry Science and Technology Co. (Zoomlion) to acquire all of the outstanding shares of Terex for $30.00 in cash. The proposal was conditioned on, among other things, receipt of U.S. and Chinese regulatory approval and Zoomlion shareholder approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the end of last week, Konecranes issued a statement clarifying information that was released into the market the day before by unnamed sources relating to the ongoing Konecranes-Terex merger process. Konecranes stressed it is fully committed to the merger and continues to believe that the merger\u200e represents a highly compelling opportunity for both companies… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":1993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[929,977,888,158],"class_list":["post-1992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-business-merger","tag-konecranes","tag-konecranes-terex","tag-terex"],"acf":[],"yoast_head":"\nKonecranes-Terex Merger: Another Statement Issued - 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-another-statement-issued\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Konecranes-Terex Merger: Another Statement Issued - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"At the end of last week, Konecranes issued a statement clarifying information that was released into the market the day before by unnamed sources relating to the ongoing Konecranes-Terex merger process. Konecranes stressed it is fully committed to the merger and continues to believe that the merger\u200e represents a highly compelling opportunity for both companies... 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