{"id":1720,"date":"2016-08-10T23:12:33","date_gmt":"2016-08-10T23:12:33","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=1720"},"modified":"2016-08-10T23:12:33","modified_gmt":"2016-08-10T23:12:33","slug":"major-hurdles-cleared-in-terex-and-konecranes-deal","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2016\/08\/10\/major-hurdles-cleared-in-terex-and-konecranes-deal\/","title":{"rendered":"Major hurdles cleared in Terex and Konecranes deal"},"content":{"rendered":"

THE proposed sale of Terex\u2019s Material Handling<\/a> and Port Solutions (MHPS) business<\/a> to Konecranes has just cleared two major hurdles, with sales completion still expected<\/a> to occur in early 2017.<\/b><\/p>\n\n\n\n
<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The deal, worth US$820 million ($1.12 billion) to Terex along with 19.6 million Konecranes shares<\/a>, has now been given approval by the European Commission should Konecranes divest its Stahl CraneSystems business<\/a>.<\/p>\n

While Konecranes has said it will start this split immediately, the US Department of Justice has granted Terex early termination of the Hart-Scott-Rodino premerger waiting period. This is part of the Hart-Scott-Rodino Act, which governs notification of larger mergers and acquisitions along with the following wait for government review.Terex CEO John Garrison the clearances by the European Commission and the US Department of Justice were \u201can important step towards the completion of the planned divestiture of our MHPS segment\u201d.Earlier, Konecranes signed EUR$1.5 billion ($2.18 billion) in unsecured financing<\/a>facilities to fund the acquisition of Terex\u2019s MHPS business.<\/p>\n","protected":false},"excerpt":{"rendered":"

THE proposed sale of Terex\u2019s Material Handling and Port Solutions (MHPS) business to Konecranes has just cleared two major hurdles, with sales completion still expected to occur in early 2017. The deal, worth US$820 million ($1.12 billion) to Terex along with 19.6 million Konecranes shares, has now been given approval by the European Commission should … Continue reading “Major hurdles cleared in Terex and Konecranes deal”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,7],"tags":[],"class_list":["post-1720","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-rK","jetpack-related-posts":[{"id":1689,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/26\/konecranes-offers-to-split-off-subsidiary-to-buy-terex-mhps\/","url_meta":{"origin":1720,"position":0},"title":"Konecranes offers to split off subsidiary to buy Terex MHPS","author":"yinghui","date":"July 26, 2016","format":false,"excerpt":"KONECRANES is offering to split off one of its subsidiaries to address concerns from the European Commission (EC) about the supply of hoists within the European Economic Area. The subsidiary, STAHL CraneSystems, provides hoisting technology and crane components to the global market. As a result of the offer, which will\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":687,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/12\/22\/intelligent-konecranes-smarton-crane-helps-aussie-company-lift-safely-in-indonesia\/","url_meta":{"origin":1720,"position":1},"title":"Intelligent Konecranes SMARTON crane helps Aussie company lift safely in Indonesia","author":"yinghui","date":"December 22, 2014","format":false,"excerpt":"A Konecranes SMARTON overhead crane has been deployed by Australian company Commonwealth Steel at their Indonesian facility in Cilegon to lift safely, efficiently and reliably. The SMARTON is Konecranes\u2019 most advanced overhead crane, incorporating smart features for better safety and efficiency. 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