Path clear for Finland's Konecranes as China's Zoomlion drops $3.4b bid for Terex

Path clear for Finland's Konecranes as China's Zoomlion drops $3.4b bid for Terex

A Zoomlion company logo is seen on an advertisement as passengers walk past at an airport in Changsha, Hunan province July 13, 2013. REUTERS/Stringer

China’s Zoomlion Heavy Industry Science and Technology Co Ltd has abandoned its $3.4 billion bid for U.S. crane maker Terex Corp, clearing the way for a smaller deal between Terex and Finland’s Konecranes.

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