Zoomlion Affirms Talks with Terex (TEX)

Zoomlion is said to confirm talks with Terex (NYSE: TEX), according to Bloomberg. The company offered the following press release early Wednesday:

At the request of Zoomlion Heavy Industry Science and Technology Co., Ltd. (the “Company”), trading in the shares of the Company on The Stock Exchange of Hong Kong Limited will be suspended with effect from 9:30 a.m. on 27 January 2016 pending publication of an announcement in relation to certain inside information on the Company’s proposed acquisition of interest in a company which is listed on the New York Stock Exchange.

Terex affirmed the speculation late Tuesday.

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