Terex walking away from Fantuzzi deal?

Terex said in August this year that it would buy the businesses of Fantuzzi, which makes container handling equipment, for Euro215 (US$370m) and only last week, Terex won approval from EU competition authorities for the deal.

“Terex has informed Fantuzzi that it believes that a material adverse change may exist with respect to the Fantuzzi business or other grounds exist which may preclude completion of this acquisition,” Terex said in a US regulatory filing.

Terex has had initial discussions with Fantuzzi and the final outcome cannot be determined, the company said.