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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
02/05/201610:48:02Statement of Changes in Beneficial Ownership (4)
02/05/201610:47:07Statement of Changes in Beneficial Ownership (4)
02/05/201610:46:11Statement of Changes in Beneficial Ownership (4)
02/05/201610:45:16Statement of Changes in Beneficial Ownership (4)
02/05/201610:43:58Statement of Changes in Beneficial Ownership (4)
02/05/201610:42:48Statement of Changes in Beneficial Ownership (4)
02/05/201610:42:13Statement of Changes in Beneficial Ownership (4)
02/04/201614:41:13Filing of Certain Prospectuses and Communications in Connection...
02/04/201612:00:00Kennametal Names Ronald DeFeo CEO
02/03/201609:11:13Filing of Certain Prospectuses and Communications in Connection...
02/02/201616:28:37Current Report Filing (8-k)
02/01/201617:32:00Terex Corporation Announces Fourth Quarter and Year-End 2015...
01/28/201615:32:22Statement of Changes in Beneficial Ownership (4)
01/28/201610:41:06Filing of Certain Prospectuses and Communications in Connection...
01/27/201615:43:49Filing of Certain Prospectuses and Communications in Connection...
01/26/201617:18:50Filing of Certain Prospectuses and Communications in Connection...
01/26/201617:15:23Current Report Filing (8-k)
01/26/201614:40:00Terex, Already in a Merger Deal, Gets Buyout Bid From Zoomlion
01/26/201613:10:00Terex Corporation Confirms Receipt of Unsolicited Proposal from...
01/20/201616:07:09Amended Statement of Changes in Beneficial Ownership (4/a)

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