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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
07/31/201506:11:43Current Report Filing (8-k)
07/30/201511:55:31Quarterly Report (10-q)
07/29/201517:37:00Terex Announces Second Quarter 2015 Results
07/29/201516:31:39Current Report Filing (8-k)
07/20/201516:26:22Current Report Filing (8-k)
07/20/201510:04:00Terex Corporation Announces Second Quarter 2015 Financial Results...
07/17/201509:34:00Terex Announces Quarterly Dividend
07/09/201517:15:33Statement of Changes in Beneficial Ownership (4)
07/09/201517:14:40Statement of Changes in Beneficial Ownership (4)
07/09/201517:14:14Statement of Changes in Beneficial Ownership (4)
07/09/201517:12:06Statement of Changes in Beneficial Ownership (4)
07/09/201517:11:14Statement of Changes in Beneficial Ownership (4)
07/09/201517:09:53Statement of Changes in Beneficial Ownership (4)
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)

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