Zoomlion’s Shelved Bid Appears to Surprise Market

With additional reporting by Rachel Rigby – Zoomlion’s dropped bid for Terex appeared to surprise the market, as Terex shares traded down close to 20% Friday.

“Although the parties to the transaction have made their joint efforts to closely negotiate on the proposed transaction recently, no agreement can be reached on the crucial terms,” Zoomlion said in a statement to the Hong Kong stock exchange earlier today

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Valeria Camerino

Valeria Camerino

Valeria Camerino began reporting for CTFN in September 2015 and has covered various regulatory agencies such as the European Commission, CADE, the Competition Commission of South Africa, and others. Prior to joining CTFN, Valeria was a Senior Reporter at London-based TelecomFinance, where she wrote about telecom M&A, financing, and regulation across Southern Europe and Latin America, providing proprietary intelligence and analysis on the latest industry developments. Before that, she worked as Middle East correspondent at Mergermarket, where she covered corporate M&A. Valeria has held editorial positions for Dubai-based Climate Control Middle East, MEGAWHAT, and Security Advisor Middle East. She holds a B.A. in Languages and Public Relations from Leeds Beckett University and an M.A. in International Journalism from University of Central Lancashire.

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