Konecranes and Terex merger unlikely due lower synergy benefits; Konecranes could issue profit warning
The merger of the Finnish Konecranes and the Connecticut-based Terex is now unlikely because of lowered synergy benefits, according to Arvopaperi.
The Finnish-language piece cited an analyst from Inderes, Juha Kinnunen, who was commenting on his lowering of share price expectations for Konecrames. He said that despite the rival bid of Terex, China's Zoomlion has its own difficulties, and the the merger between Terex and Konecranes is looking unlikely due to lower synergy benefits.
He said that there is a danger Konecranes will issue a profit warning later this year due to lower-than-expected results. His comments come as Konecranes said earlier this week that the merger was progressing.
Arvopaperi