Reuters reported that Zoomlion, a Chinese manufacturer of construction equipment, will walk away from its $3.4 billion bid for Terex after the companies failed to agree on terms. read more
MAY 27, 2016 - 7:46 am
Terex and Konecraes agreed to terminate their previously announced business combination agreement. Terex also agreed to sell its material handling business to Konecranes for roughly $1.3 billion. read more
MAY 18, 2016 - 7:56 am
Terex received a revised non-binding proposal from Zoomlion Heavy Industry Science and Technology to acquire all of the outstanding shares of Terex for $31.00 per share in cash. read more
MAR 24, 2016 - 6:22 am
The Wall Street Journal reported that Chinese state-run construction equipment producer Zoomlion increased its offer to buy Terex to $31 a share or $3.37 billion. read more
MAR 16, 2016 - 7:34 am
Terex and Konecranes released a joint statement announcing that the two companies will put their integration planning activities on hold. read more
FEB 22, 2016 - 7:19 am
Terex named John L. Garrison, Jr. chief executive officer and president effective November 2, 2015. Garrison replaces outgoing CEO Ronald M. DeFeo. read more
OCT 16, 2015 - 7:20 am
In connection with its merger with Konecranes, Terex is soliciting consents from holders of its 6.00% senior notes due 2021 and 6.50% senior notes due 2020 to certain proposed amendments to the indentures governing the notes. read more
AUG 28, 2015 - 7:18 am
On the heels of its merger with Konecranes, Terex made several personnel moves, including the replacement of Terex Cranes president Tim Ford, who is leaving the company to pursue other opportunities. read more
AUG 20, 2015 - 7:22 am
Equipment provider Terex and lifting equipment and machine tools supplier Konecranes will combine in an all-stock merger with estimated pro forma 2014 revenues of $10 billion and $845 million respectively. read more
AUG 11, 2015 - 7:20 am
Terry Mulreany
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