A $1.3 billion bid by U.S. construction machinery maker Terex (TEX.N) for Demag (D9CGn.DE) has increased speculation that Finnish competitor Konecranes (KCR1V.HE) could approach the German company again. Here is an outline of Demag's businesses and what appeals to its peers. INDUSTRIAL CRANES Demag is the world's second largest producer of industrial cranes, with a market share of 13 percent, behind Konecranes, which has close to 15 percent share, according to HSBC analysts.
Terex Corporation (Terex) is a diversified global equipment manufacturer of a variety of machinery products. Shares of TEX fell by 0.52% or $-0.18/share to $34.6. In the past year, the shares have traded as low as $16.79 and as high as $38.50. On average, 2330320 shares of TEX exchange hands on a given day and today's volume is recorded at 787224.
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