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Fly News Breaks for January 26, 2016
TEX
Jan 26, 2016 | 15:41 EDT
RBC Capital analyst Seth Weber said Terex trading near $20 per share, which is well below the $30 acquisition offer made by China's Zoomlion, suggests skepticism around the potential for the two to complete a transaction, which he attributes to Zoomlion's existing leverage paired with an article from Bloomberg that pointed to potential regulatory issues. Weber has a Sector Perform rating and $22 price target on Terex shares.
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