October 11 - Konecranes has received clearance from the committee on foreign investment in the USA for its pending acquisition of Terex's material handling and port solutions (MHPS) business.
With the conclusion of the committee on foreign investment's process and the previous antitrust clearance by the US Department of Justice, Konecranes has now received all the required regulatory approvals for the acquisition of Terex's MHPS business in the USA.
Completion of the deal remains subject to additional customary closing conditions, however.
Konecranes states that both parties continue to be fully committed to the acquisition and are working closely with competition authorities in the remaining jurisdictions to obtain regulatory approvals, allowing the deal to go ahead in early 2017 as planned.
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