Zoomlion, China’s answer to Caterpillar, has made a $3.3bn attempt to gatecrash a deal between its US and Finnish rivals that would create one of the world’s biggest cranemakers.
The Chinese industrial company, which makes everything from cranes to pile-drivers, has offered to buy US-based Terex, in a move that would scupper its proposed merger with Finland’s Konecranes.
Zoomlion has offered to a pay $30 per Terex share, in a deal that would value the US company’s equity at $3.3bn.
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