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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
06/19/201509:48:14Annual Report of Employee Stock Plans (11-k)
06/12/201511:34:10Statement of Changes in Beneficial Ownership (4)
06/11/201517:16:39Stocks to Watch in Construction Machinery: Caterpillar Inc. and...
06/08/201514:17:07Statement of Changes in Beneficial Ownership (4)
06/08/201513:56:10Statement of Changes in Beneficial Ownership (4)
06/08/201513:53:51Statement of Changes in Beneficial Ownership (4)
06/08/201513:53:25Statement of Changes in Beneficial Ownership (4)
06/08/201513:52:59Statement of Changes in Beneficial Ownership (4)
06/08/201513:52:04Statement of Changes in Beneficial Ownership (4)
06/03/201513:26:11Statement of Changes in Beneficial Ownership (4)
06/02/201514:56:19Current Report Filing (8-k)
06/01/201514:02:53Specialized Disclosure Report (sd)
06/01/201510:09:00Terex Announces New $350 Million Securitization Facility and...
05/26/201514:57:24Statement of Changes in Beneficial Ownership (4)
05/20/201516:55:11Statement of Changes in Beneficial Ownership (4)
05/20/201516:54:21Statement of Changes in Beneficial Ownership (4)
05/20/201516:53:53Statement of Changes in Beneficial Ownership (4)
05/20/201516:53:53Statement of Changes in Beneficial Ownership (4)
05/20/201516:52:09Statement of Changes in Beneficial Ownership (4)
05/20/201516:51:42Statement of Changes in Beneficial Ownership (4)

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