Terex and Konecranes released a joint statement announcing that the two companies will put their integration planning activities on hold.
This will allow the Terex management team to devote its attention to improving the company’s operating results and delivering on management’s commitment to shareholders.
The Terex board of directors has not changed its recommendation of the merger. Terex and Konecranes continue to move forward with all necessary filings to achieve antitrust, regulatory and shareholder approvals that are required to complete the merger transaction.
Terex is a lifting and material handling solutions company reporting in five business segments. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.
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