Caterpillar, Terex Scrap Mining Partnership Over What One Calls 'a Difference in Value'

摘要

Two of the largest equipment manufacturers in the world have terminated a nonbinding agree-ment to acquire and cross-promote their mining-equipment businesses. In a surprising turn of events, the huge "win-win" deal between Caterpillar Inc., Peoria, Ill., and Terex Corp., West-port, Conn., fell through early last month. The two manufacturers evidently could not agree on terms after more than five months of due diligence, despite the obvious benefits for born companies.