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ZLIOY ZoomLion Heavy Industry Science and Technology Co Ltd (PK)

6.3635
-0.4465 (-6.56%)
02 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
ZoomLion Heavy Industry Science and Technology Co Ltd (PK) USOTC:ZLIOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.4465 -6.56% 6.3635 6.05 6.74 6.3635 6.3635 6.3635 311 21:00:17

China's Zoomlion Abandons Pursuit of U.S. Crane Maker Terex

27/05/2016 1:00pm

Dow Jones News


ZoomLion Heavy Industry ... (PK) (USOTC:ZLIOY)
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HONG KONG—Zoomlion Heavy Industry Science & Technology Co. said it had decided to end talks over a proposed acquisition of U.S. construction-crane maker Terex Corp.

The Chinese construction-machinery company said Friday in a statement that despite negotiations between the two companies, "no agreement can be reached on the crucial terms."

Zoomlion, which revealed its interest in Terex in January, raised its bid for the U.S. company in March to $31 a share, or $3.4 billion.

The Hong Kong-listed company said it would continue to seek strategic opportunities for its long-term development, and further procure its strategic transformation and industrial upgrading.

Write to Joanne Chiu at joanne.chiu@wsj.com

 

(END) Dow Jones Newswires

May 27, 2016 07:45 ET (11:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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