Zoomlion Heavy Industry Science and Technology (01157) said it decided to terminate the negotiation in relation to the proposed acquisition of Terex Corporation.
Although parties to the transaction have made their joint efforts to closely negotiate on the proposed transaction recently, no agreement can be reached on the crucial terms.
Zoomlion will continue to seek strategic opportunities for its long-term development, and further procure its strategic transformation and industrial upgrading.
Terex is an American company listed on the New York Stock Exchange which engages in crane and construction machinery production business.
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