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Terex shares climb higher on unsolicited Zoomlion bid

2016-01-26 22:01:15| Industrial Machines - Topix.net

Shares of heavy lifting equipment maker Terex Corp. soared after the company announced it had received an unsolicited takeover offer of $30 per share from China's Zoomlion Heavy Industry Science and Technology Co. Terex shares jumped 34 per cent to $20.07 in afternoon trading Tuesday after rising as high as $23.98 earlier.

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