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China's Zoomlion abandons pursuit of cranemaker Terex

Zoomlion said that no agreement could be reached "on the crucial terms", and that it had ended negotiations with Terex.


ZOOMLION of China is dropping its pursuit of US crane and heavy equipment maker Terex Corp.

Terex and Konecranes of Finland announced in August that they would merge in an all-stock deal, but Zoomlion swooped in with a competing bid in January to acquire Terex for US$30 a...

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