Powerscreen offer extended

Terex Holdings has said that it received acceptances in respect of 39.35 per cent of the share capital of Powerscreen by the first closing date of the offer on July 12th. The €277 million (£181 million sterling) offer by the US company for the Dungannon, Co Tyrone-based engineering group has been extended and will now close at 3 p.m. on July 26th.