Post-tax savings accompany Terex ‘inversion’ in Konecranes merger
- Published: Friday, 25 September 2015 13:44
- Written by Concrete News
Eyeing global scale and near-term earnings synergy upward of $120 million, Westport, Conn.-based Terex Corp. and Konecranes Plc of Helsinki plan an all-stock “merger of equals,” creating a company whose 2014 revenues totaled about $10 billion. Terex and Konecranes shareholders will own approximately 60 percent and 40 percent of the combined business, respectively, which will operate as Konecranes Terex Plc, with headquarters in Finland and major corporate functions in Connecticut.