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News: Terex Corp (TEX.N)

TEX.N on New York Stock Exchange

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Wed, Apr 27 2016

Konecranes, pressured by rival bid, sees lower tax benefits from Terex merger

HELSINKI Finnish crane maker Konecranes said it expects lower tax benefits than previously estimated from its proposed merger with U.S. Terex Corp , further undermining a deal already challenged by a rival bid.

Konecranes, pressured by rival bid, sees lower tax benefits from Terex merger

HELSINKI, April 27 Finnish crane maker Konecranes said it expects lower tax benefits than previously estimated from its proposed merger with U.S. Terex Corp, further undermining a deal already challenged by a rival bid.

REFILE-BRIEF-Konecranes expects lower synergies from proposed Terex merger

* Konecranes and Terex Corporation announced in August 2015 their respective Boards of Directors unanimously approved a definitive agreement to combine their businesses in a merger of equals

BRIEF-Terex q1 loss per share $0.68 from continuing operations

* Sees fy 2016 earnings per share $1.30 to $1.60 excluding items

UPDATE 1-China Zoomlion's record Q1 loss raises questions on Terex deal funding

* Company should reconsider Terex takeover after loss -analyst

UPDATE 1-Zoomlion, bidding for Terex, says 2015 earnings hit 15-yr low

BEIJING, March 30 China's Zoomlion Heavy Industry Science and Technology Co Ltd , which is bidding to buy U.S. crane maker Terex Corp for about $3.4 billion, on Wednesday reported its lowest annual profit in 15 years.

BRIEF-Konecranes shares fall after increased rival bid from Zoomlion to buy Terex

* Shares fall 5.8 percent after increased rival bid from Zoomlion to buy Terex

NORDIC STOCKS - Factors to watch on March 24

The following stocks may be affected by newspaper reports and other factors on Thursday:

BRIEF-Konecranes says continues to pursue Terex merger despite rival bid

* says notes press release from Terex corporation on Zoomlion offer

Terex says received higher offer from China's Zoomlion

U.S. crane maker Terex Corp said it had received a higher bid from China's Zoomlion Heavy Industry Science and Technology Co Ltd to buy the company for $31 per share.

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