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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
09/02/201517:16:54Statement of Changes in Beneficial Ownership (4)
08/31/201512:05:44Filing of Certain Prospectuses and Communications in Connection...
08/27/201511:50:27Filing of Certain Prospectuses and Communications in Connection...
08/27/201509:00:00Terex Corporation Announces Commencement of Consent Solicitation
08/26/201512:57:14Statement of Changes in Beneficial Ownership (4)
08/25/201510:55:02Statement of Changes in Beneficial Ownership (4)
08/21/201517:21:47Filing of Certain Prospectuses and Communications in Connection...
08/19/201516:14:35Current Report Filing (8-k)
08/19/201515:01:14Statement of Changes in Beneficial Ownership (4)
08/19/201512:34:00Terex Corporation Announces Senior Leadership Changes
08/19/201510:34:00Ryan & Maniskas, LLP Announces Investigation of Terex Corporation
08/18/201509:07:26Filing of Certain Prospectuses and Communications in Connection...
08/17/201518:46:00TEREX CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces...
08/17/201516:07:00Brower Piven Commences An Investigation Into The Proposed Sale...
08/17/201514:49:00TEREX SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the...
08/17/201513:24:00TEREX INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA:...
08/14/201516:21:00Morgan & Morgan Announces the Investigation of the Fairness of...
08/14/201511:06:00TEREX SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the...
08/13/201515:56:00SHAREHOLDER ALERT: Brower Piven Commences an Investigation into...
08/13/201514:57:47Filing of Certain Prospectuses and Communications in Connection...

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