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Demag Cranes Advises Shareholders To Reject Terex Offer

FRANKFURT -(Dow Jones)- German crane manufacturer Demag Cranes AG (D9C.XE) said Tuesday its management and supervisory boards unanimously recommend that shareholders reject an offer by Terex Industrial Holding AG, a unit of Terex Corp. (TEX). Terex had offered shareholders EUR41.75 per Demag Cranes share, in an unsolicited takeover bid worth up to EUR884 million. Terex presented the offer on May 2. On May 16, Terex Corp. (TEX) Chairman and Chief Executive Ron DeFeo said he had no plans to raise the offer for German crane manufacturer Demag Cranes AG (D9C.XE). -By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com

Stock News for Terex (TEX)
DateTimeHeadline
05/27/201608:23:00Terex Announces Talks with Zoomlion Terminated
05/27/201608:00:00China's Zoomlion Abandons Pursuit of U.S. Crane Maker Terex
05/20/201616:13:23Initial Statement of Beneficial Ownership (3)
05/19/201615:36:53Current Report Filing (8-k)
05/18/201613:48:39Current Report Filing (8-k)
05/17/201616:54:56Statement of Changes in Beneficial Ownership (4)
05/17/201616:54:03Statement of Changes in Beneficial Ownership (4)
05/17/201616:53:12Statement of Changes in Beneficial Ownership (4)
05/17/201616:52:19Statement of Changes in Beneficial Ownership (4)
05/17/201616:50:59Statement of Changes in Beneficial Ownership (4)
05/17/201616:49:39Statement of Changes in Beneficial Ownership (4)
05/17/201616:49:11Statement of Changes in Beneficial Ownership (4)
05/16/201603:50:00Konecranes Scraps Planned Merger With Terex
05/16/201602:00:00Terex Announces Sale of Material Handling & Port Solutions Bus...
05/13/201611:37:00Terex Announces Quarterly Dividend
05/06/201617:05:15Statement of Changes in Beneficial Ownership (4)
05/06/201617:03:02Statement of Changes in Beneficial Ownership (4)
05/06/201616:46:12Statement of Changes in Beneficial Ownership (4)
05/06/201616:45:47Statement of Changes in Beneficial Ownership (4)
05/06/201616:44:26Statement of Changes in Beneficial Ownership (4)

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