Goldman Sachs Upgrades Terex (TEX) to Neutral
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Terex and Konecranes to Combine in an All-Stock Merger
August 11, 2015 2:00 AM EDTCombination of Two Highly Complementary Businesses to Create a Global Leader in Lifting & Material Handling Solutions
Creates an industry leader with expected $10.0 billion in pro forma 2014 revenue Results in a stronger more competitive global lifting and material handling company Expected to be accretive to both companies' shareholders in first full year Identified annual after-tax synergies of at least $119 million New Company plans to authorize a $1.5 billion share repurchase and initial annual dividend of approximately $1.15 per... More