Terex Corp. and Konecranes Plc have announced that the two companies have entered into a merger of equals. The new company will be named Konecranes Terex Plc.
The transaction is subject to approval by both Konecranes and Terex shareholders and customary closing conditions. Closing is anticipated to take place during the 1H16, and up until that time the two companies will continue to operate independently.
The U.S. Environmental Protection Agency has announced two proposed regulations – one that applies to the management of coal combustion residuals from electric utilities, and one that revises a portion of the regulations affecting wastewater management from steam electric power plants.