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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
02/16/201716:30:02Current Report Filing (8-k)
02/15/201702:15:00Terex Corporation Completes Sale of 7.45 Million Shares of Konecranes...
02/14/201714:23:11Amended Statement of Ownership (sc 13g/a)
02/14/201713:58:09Amended Statement of Ownership (sc 13g/a)
02/14/201712:11:00Proposed Placing of up to 9.5% of the Total Shares Outstanding...
02/13/201716:06:04Statement of Ownership (sc 13g)
02/13/201712:20:00Terex Names John D. Sheehan, Chief Financial Officer
02/10/201714:55:40Current Report Filing (8-k)
02/10/201713:46:25Amended Statement of Ownership (sc 13g/a)
02/10/201712:38:55Initial Statement of Beneficial Ownership (3)
02/10/201712:14:18Initial Statement of Beneficial Ownership (3)
02/09/201717:23:00Terex Corporation Announces Fourth Quarter and Year-End 2016...
02/09/201710:38:45Statement of Ownership (sc 13g)
02/07/201716:49:25Statement of Changes in Beneficial Ownership (4)
02/07/201716:48:07Statement of Changes in Beneficial Ownership (4)
02/07/201716:47:15Statement of Changes in Beneficial Ownership (4)
02/07/201716:45:57Statement of Changes in Beneficial Ownership (4)
02/07/201716:45:57Statement of Changes in Beneficial Ownership (4)
02/07/201716:45:06Annual Statement of Changes in Beneficial Ownership (5)
02/07/201715:40:34Current Report Filing (8-k)

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