HELSINKI: Finnish crane maker Konecranes is buying Terex Corp’s Material Handling & Port Solutions (MHPS) unit for 1.13 billion euros (US$1.27bil), in a move that cancels a proposed full merger and allows the US firm to talk to a rival suitor.
Konecranes and Terex agreed to an all-share merger in August 2015, hoping a deal would help them better cope with cooling Chinese and weak European demand.
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