Reuters logo
BRIEF-Konecranes says Terex to sell its shares in company
September 5, 2017 / 3:51 PM / 17 days ago

BRIEF-Konecranes says Terex to sell its shares in company

Sept 5 (Reuters) - Konecranes ABP

* Konecranes says Terex Corp has announced its intention to sell shares in Konecranes in an accelerated book-building process and Konecranes has waived certain transfer restrictions

* Konecranes says Terex Corp has intention to sell up to 5,150,000 shares corresponding to approximately 6.54 percent of all outstanding shares in Konecranes

* Says pricing of share sale will be agreed at close of book-building process

* Says Terex has agreed to certain restrictions, including a restriction that no purchaser will own more than 3 percent of total number of Konecranes shares.

* Says company has agreed to the potential sale of up to additional 3 percent of the total number of Konecranes shares to any existing shareholders participating in the share sale despite their earlier shareholding in Konecranes Further company coverage: (Reporting By Simon Johnson)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below