Reuters: Zoomlion seeks to assure Terex over deal

• Zoomlion (OTCPK:ZLIOY) is seeking to provide assurances to Terex (NYSE:TEX) over its proposed acquisition offer, after reaching broad agreement on price, Reuters reports.
• Zoomlion has told TEX that it will cover the risk of the deal being approved by Chinese authorities, including the country's ministry of commerce, but TEX is seeking more assurances that any agreed-upon deal will be completed, according to the report.
• TEX is said to want to decide as early as later this month on whether it will seek to abandon its merger with Konecranes (OTC:KNCRF) in favor of Zoomlion.