Hints and tips:
...Last year the British regulator blocked a $5bn merger between Finnish crane manufacturers Cargotec and Konecranes, prompting the companies to ditch the transaction....
Rule tweaks are not the answer to a dysfunctional system
...The shift in sentiment will put more pressure on its proposed tie-up with Konecranes, a deal the Terex board is still recommending....
...For example, Zoomlion, a Chinese cranes and equipment group, has recently tried to gatecrash a deal between Terex of the US and Finland's Konecranes by making a rival bid for the former worth $3.3bn....
...Shares in Konecranes rose 19.3 per cent to €33.43 while Terex climbed 22 per cent to $26.67 in premarket New York trading. Perella Weinberg Partners and Skadden Arps advised Konecranes....
...Sixty per cent of Konecranes business is now servicing existing cranes, but in EMs that is only 10 per cent....
International Edition