US-based Terex Corporation (Terex) and Konecranes Plc of Finland have jointly announced that the two companies will combine to create a single company.
The decision has been approved by their respective boards of directors resulting in a definitive business combination agreement and the resulting all-stock merger of equals.
Once the transactions are completed, Terex shareholders will own approximately 60% of the combined company, with Konecranes shareholders owning approximately 40%.
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