M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

Chinese construction machinery manufacturer Zoomlion Co. Ltd. might not be able to finance its proposed $30 per share all-cash offer for U.S. rival Terex Corp., a source familiar with the industry told <a href="http://ctfn.news" target="_blank">CTFN</a>.

Chinese construction machinery manufacturer Zoomlion Co. Ltd. might not be able to finance its proposed $30 per share all-cash offer for U.S. rival Terex Corp., a source familiar with the industry told CTFN.

Zoomlion's Financing for Terex Bid Questioned

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

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<ul><li class="p1">Proposed Terex Takeover Sounds Attractive in Theory, but the Price Tag Is Too High.</li><li class="p1">While this deal may theoretically help Zoomlion gain access to much-needed advanced crane technology and access to global markets, we consider the price tag to be too high, and believe that it will further stretch Zoomlion’s already-weak balance sheet.</li></ul>Analysts: John Hu &amp; Ross MacMillan

Proposed Terex Takeover Sounds Attractive in Theory, but the Price Tag Is Too High.While this deal may theoretically help Zoomlion gain access to much-needed advanced crane technology and access to global markets, we consider the price tag to be too high, and believe that it will further stretch Zoomlion’s already-weak balance sheet.Analysts: John Hu &amp; Ross MacMillan

With Its Boom Days Behind It, Cash Flow Is Key for Zoomlion.

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<h2>Earlier This Morning</h2><blockquote>
Zoomlion put out a press release today (17 Feb 2016) on the Hong Kong Exchange: The Company wishes to announce that the Company would continue to advance the Proposed Transaction of acquiring Terex Corporation (NYSE: TEX), at US$30.00 per share in cash. The Company made a non-binding offer on Dec. 4, 2015, representing a 41% premium over the last closing price of Terex prior to the offer (US$21.22). The Company has prepared a concrete financing plan for this Proposed Transaction…
</blockquote>

Earlier This Morning
Zoomlion put out a press release today (17 Feb 2016) on the Hong Kong Exchange:  The Company wishes to announce that the Company would continue to advance the Proposed Transaction of acquiring Terex Corporation (NYSE: TEX), at US$30.00 per share in cash. The Company made a non-binding offer on Dec. 4, 2015, representing a 41% premium over the last closing price of Terex prior to the offer (US$21.22).  The Company has prepared a concrete financing plan for this Proposed Transaction…


Terex Earnings Call - Zoomlion Is on the Prowl

Three lawyers speaking with <a href="http://ctfn.news" target="_blank">CTFN</a> warned that outbound financing for deal involving acquirers from China includes a degree of risk atypical in the West.  Since the state owns significant stakes in its largest banks, the country can delay or refuse loans even after companies make agreements, these people said.

Three lawyers speaking with CTFN warned that outbound financing for deal involving acquirers from China includes a degree of risk atypical in the West.  Since the state owns significant stakes in its largest banks, the country can delay or refuse loans even after companies make agreements, these people said.

Financing for Chinese Outbound M&A Carries Risk

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Thematic (Sector/Industry)

Reading everyday of depressed shipping should one make one anxious. When I joined my 1st ship in early 2002...shipping was boring. Frankly it was not the top choice for a job but it did pay in dollars. The sole motive for me was the money and maybe I didn't want to be another software engineer from India. Tankers were the good ships (solely because they paid more). Dry bulk gave more leisure time..they stayed on ports longer, with job at Bergesen touted as the prized catch..they used to carry…

Reading everyday of depressed shipping should one make one anxious.   When I joined my 1st ship in early 2002...shipping was boring. Frankly it was not the top choice for a job but it did pay in dollars. The sole motive for me was the money and maybe I didn't want to be another software engineer from India.   Tankers were the good ships (solely because they paid more). Dry bulk gave more leisure time..they stayed on ports longer, with job at Bergesen touted as the prized catch..they used to carry…

China

Zoomlion Heavy Industry Science and Technology Co., Ltd.manufactures and markets construction machinery.  The Company's products include concrete machinery, cranes, road machinery, drilling equipment, and other heavy construction equipment.  Zoomlion also produces environmental machinery and satellite navigation products.

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Zoomlion Heavy Industry H (1157 HK)

Zoomlion's Financing for Terex Bid Questioned

Chinese construction machinery manufacturer Zoomlion Co. Ltd. might not be able to finance its proposed $30 per share all-cash offer for U.S. rival...

CTFN

With Its Boom Days Behind It, Cash Flow Is Key for Zoomlion.

Proposed Terex Takeover Sounds Attractive in Theory, but the Price Tag Is Too High. While this deal may theoretically help Zoomlion gain access to...

Morningstar, Inc.

Terex Earnings Call - Zoomlion Is on the Prowl

Earlier This Morning Zoomlion put out a press release today (17 Feb 2016) on the Hong Kong Exchange:The Company wishes to announce that the Company...

Crispin Francis

Financing for Chinese Outbound M&A Carries Risk

Three lawyers speaking with CTFN warned that outbound financing for deal involving acquirers from China includes a degree of risk atypical in the...

CTFN

"Shipping Has to Become BORING Again"

Reading everyday of depressed shipping should one make one anxious. When I joined my 1st ship in early 2002...shipping was boring. Frankly it was...

Drewry Maritime Financial Research

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