Terex agrees to sell truck business to Volvo for $160M Terex (TEX) announced that it has agreed to sell its truck business to Volvo (VOLVY) Construction Equipment for cash proceeds of approximately $160M. The truck business manufactures and sells off-highway rigid and articulated haul trucks. Included in the transaction is the manufacturing facility in Motherwell, Scotland. The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in the first half of 2014
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