US Manufacturers To Attract Overseas Attention

In news that highlights a possible M&A trend in the near future, the president of Chinese heavy machinery maker Changsha Zoomlion has said that the company is looking to snap up assets in the US, where manufacturers have been heavily impacted by the financial crisis. Jianguo Zhang said that 'we have a foothold in Europe through the Cifa deal' and that 'the current financial crisis in the US could bring our next chance for cross border acquisitions.'

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