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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; [email protected]

Stock News for Terex (TEX)
DateTimeHeadline
03/24/201716:09:14Statement of Changes in Beneficial Ownership (4)
03/21/201715:48:32Statement of Changes in Beneficial Ownership (4)
03/16/201715:47:58Current Report Filing (8-k)
03/14/201712:28:57Statement of Changes in Beneficial Ownership (4)
03/13/201717:26:53Statement of Changes in Beneficial Ownership (4)
03/09/201717:23:05Statement of Changes in Beneficial Ownership (4)
03/09/201717:21:46Statement of Changes in Beneficial Ownership (4)
03/09/201717:21:17Statement of Changes in Beneficial Ownership (4)
03/09/201717:20:01Statement of Changes in Beneficial Ownership (4)
03/09/201717:18:17Statement of Changes in Beneficial Ownership (4)
03/09/201717:17:27Statement of Changes in Beneficial Ownership (4)
03/09/201717:16:59Statement of Changes in Beneficial Ownership (4)
03/09/201717:16:06Statement of Changes in Beneficial Ownership (4)
03/09/201717:15:15Statement of Changes in Beneficial Ownership (4)
03/08/201714:43:27Statement of Changes in Beneficial Ownership (4)
03/08/201714:43:00Statement of Changes in Beneficial Ownership (4)
03/08/201714:40:50Statement of Changes in Beneficial Ownership (4)
03/08/201714:39:28Statement of Changes in Beneficial Ownership (4)
03/08/201714:37:53Statement of Changes in Beneficial Ownership (4)
03/08/201714:36:05Statement of Changes in Beneficial Ownership (4)

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