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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;

Stock News for Terex (TEX)
11/08/201515:15:03The Best Stocks in Construction Machinery
11/06/201517:11:11Amended Statement of Changes in Beneficial Ownership (4/a)
11/04/201514:59:28Initial Statement of Beneficial Ownership (3)
10/26/201517:32:49Statement of Changes in Beneficial Ownership (4)
10/26/201517:30:14Statement of Changes in Beneficial Ownership (4)
10/23/201515:31:18Quarterly Report (10-q)
10/20/201517:47:00Terex Announces Third Quarter 2015 Results
10/20/201517:40:23After Hours Gainers / Losers
10/20/201517:29:45Terex misses by $0.04, beats on revenue
10/19/201515:00:00Terex Announces Quarterly Dividend
10/16/201509:24:41Filing of Certain Prospectuses and Communications in Connection...
10/15/201518:20:00Terex Names New CEO
10/15/201516:15:00Terex Names John L. Garrison, Jr. New Chief Executive Officer
10/13/201516:30:31Current Report Filing (8-k)
10/13/201512:17:31Filing of Certain Prospectuses and Communications in Connection...
10/13/201508:00:00Terex Corporation Announces Third Quarter 2015 Financial Results...
10/12/201508:34:41Our Top Trades Review - October
10/07/201511:18:07Confidential Treatment Order (ct Order)
10/05/201516:46:08Statement of Changes in Beneficial Ownership (4)
10/05/201516:45:17Statement of Changes in Beneficial Ownership (4)

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