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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
09/16/201400:13:33U.S. Hot Stocks: Hot Stocks to Watch
02/19/201409:51:22U.S. Stocks: Hot Stocks to Watch
12/09/201307:15:35Volvo Construction Equipment to Buy Hauler Business from Terex
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
11/15/201308:39:36Kingdon Capital Management 3Q 13F: Largest Eliminations
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:39:33Kingdon Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:27:55S.A.C. Capital Advisors LP 3Q 13F: Largest Eliminations
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Purchases
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Sales
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest -2-
07/25/201309:01:29U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/17/201317:32:20Lowered Terex Outlook Reflects Weakening Global Machinery Market
06/17/201309:19:30U.S. HOT STOCK FUTURES: Hot Stocks to Watch
04/25/201306:52:02For Thursday at 6 a.m.) U.S. HOT STOCK FUTURES: HOT STOCKS TO...
04/15/201305:25:30Scania Gets Engine Supply Deal From Terex
09/27/201211:26:15Germany's Commerzbank Loses 2 High-Profile Investment Bankers

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