www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Zoomlion offers $3.2b for US heavy machinery maker

By Yang Ziman and Feng Zhiwei (China Daily) Updated: 2016-01-28 07:37

Zoomlion offers $3.2b for US heavy machinery maker

Zoomlion Heavy Industry Science & Technology Development Co Ltd equipment on display at a trade show in Shanghai. [Photo/Provided to China Daily]

China's Zoomlion Heavy Industry Science & Technology Co confirmed on Wednesday an unsolicited takeover bid for Terex Corp, the US crane and construction machinery maker.

The deal will be vital to Zoomlion's transformation and the implementation of the company's global strategy, and it will help increase Zoomlion's revenue and profits.

According to a Terex statement, Zoomlion has offered $30 per share for the company, valuing it at $3.2 billion.

The offer is twice Terex's stock price on Monday, which closed at $15.01 per share in New York. The shares surged 37 percent on Tuesday to $20.5, pushing its market capitalization to $2.2 billion.

The Terex board said it is carefully reviewing the Zoomlion proposal to determine what course of action is in the best interests of its shareholders.

Before the Zoomlion offer, Terex had agreed to merge with Finland equipment manufacturer Konecranes to create a crane and materials handling supplier with a combined $10 billion in sales. After the merger, the company planned to change its name into Konecranes Terex Plc and move its base to Finland.

Founded in 1992, Zoomlion is mainly engaged in manufacturing high-tech equipment for the agricultural, building, energy, environmental, and transport-engineering sectors.

The first mainland construction machinery company to be listed on both the Shanghai and Hong Kong stock exchanges, Zoomlion has manufacturing bases in Italy, Germany, India and Brazil.

China's equipment manufacturing industry was hit hard by China's economic slowdown last year. During the first half of the year, the 18 major listed construction machinery firms reported combined operational revenue of 50 billion yuan ($7.58 billion), a 29.31 percent fall on the same period in 2014.

"China's equipment manufacturing sector is in the mid- to downstream of the global production chain," said Chen Chaofan, an economics professor with the School of Economics and Resource Management at Beijing Normal University.

"It needs to learn from developed countries in terms of technology and expertise and overseas purchase is a good way to strengthen production capacity," Chen said.

Wen Zhengxin contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲www视频| 一级毛片不卡片免费观看 | 看全色黄大色黄大片毛片 | free性chinese国语对白 | 欧美成人小视频 | 久久91精品国产一区二区 | 久久精品全国免费观看国产 | 羞羞一区二区三区四区片 | 亚洲一区欧美一区 | 男人透女人超爽视频免费 | 国产精品免费精品自在线观看 | 亚洲国产成人91精品 | 国产高清精品毛片基地 | 久草视频资源 | 国产三级久久久精品三级 | 欧美不卡一区二区三区 | 香蕉久久网站 | 久久精品无遮挡一级毛片 | 日本不卡在线一区二区三区视频 | 欧美一级在线视频 | 成人毛片免费观看视频在线 | 亚洲炮网 | 一级特级aaa毛片 | 国产一级视频播放 | 欧美精品色视频 | 日本一级特黄高清ab片 | 中国a级淫片免费播放 | 99色视频在线观看 | 免费国产不卡午夜福在线 | 久久国内精品自在自线400部o | 亚洲精品国自产拍在线观看 | 亚洲偷偷自拍 | 成人免费午夜视频 | 成人黄18免费网站 | 男人的天堂网在线 | 久久久精品免费观看 | 成人在免费观看视频国产 | 欧美亚洲网站 | 国产精品永久免费视频观看 | 免费一级α片在线观看 | 国产精品无码久久久久 |