NEW YORK, Aug. 17, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities firm headquartered in
New York City, is investigating
the Board of Directors of Terex Corporation ("Terex" or the
"Company") (NYSE:TEX) for potential breaches of fiduciary duties in
connection with the sale of the Company to Konecranes Plc for
approximately $4.2 billion in an
all-stock transaction.
The Company's stockholders will only receive 0.80 shares of
Konecranes for each Terex share owned, or approximately
$25.63 per share based on the
August 14, 2015 opening price of
Konecranes. However, the offer represents and inadequate premium
since it is even below the Wall Street median price target of
$29.00 per share. Additionally, the
Company's shares traded for $29.32 as
recently as May 21, 2015.
Click here for more information: www.faruqilaw.com/TEX.
There is no cost or obligation to you.
The investigation focuses on whether Terex's Board of Directors
breached their fiduciary duties to the Company's stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Terex's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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If you own common stock in Terex and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/TEX or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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The law firm responsible for this advertisement is Faruqi &
Faruqi, LLP (www.faruqilaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
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