Terex Hasn't Been Totally Crushed
At least it's still selling its port business
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Just a few weeks ago, U.S. crane-maker Terex was well-placed to strike a deal with two suitors, now it has a buyer for just part of the company. It's painful, but better than nothing.
Chinese construction-equipment maker Zoomlion said on Friday that takeover talks with Terex were over because the two sides couldn't agree on "crucial terms." Terex shares plunged as much as 21 percent.