Terex Corporation Confirms Receipt of Unsolicited Proposal from Zoomlion

WESTPORT, Conn.–(BUSINESS WIRE)–Terex Corporation (NYSE:TEX) that it has 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 is conditioned on, among other things, receipt of US and Chinese regulatory approval and Zoomlion shareholder approval. Terex previously announced that it had entered into a Business Combination Agreement with Kone
Source: BusinessWire-Primary

Terex Corporation Confirms Receipt of Unsolicited Proposal from Zoomlion