Terex sells 7.45 million Konecranes shares
By Christian Shelton16 February 2017
Global manufacturer of lifting and material processing products and services, Terex Corporation, has completed the sale of 7.45 million Class A shares in Konecranes. It was 9.5 % of the total shares outstanding and they were sold at €34.50 per share.
Total shares outstanding includes both Class A and Class B shares but does not include Konecranes’ treasury shares. Following the offering, Terex will continue to hold approximately 12.15 million Class B shares, representing approximately 15.5 % of the total shares outstanding of Konecranes.