Konecranes buys Terex Unit for $1.3b after merger dropped

Konecranes buys Terex Unit for $1.3b after merger dropped

Konecranes Oyj agreed to acquire a Terex Corp. lifting-gear business for about $1.3 billion, abandoning a full merger and paving the way for Chinese suitor Zoomlion Heavy Industry Science & Technology Co. to buy the rest of the company.

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