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Terex, Demag Sign Agreement Following Terex's Increased Bid

FRANKFURT -(Dow Jones)- German crane maker Demag Cranes AG (D9C.XE) Thursday said Terex Corp. (TEX) has agreed to increase its takeover offer to EUR45.50 per share from EUR41.75 per share, as part of a business agreement that ensures broad operational and strategic autonomy to Demag Cranes even after Terex acquires a majority interest in it. Demag's executive board said it is confident it will be able to recommend that the company's shareholders accept the improved offer, pending a formal evaluation which Demag's executive and supervisory boards will present by June 22. The deal between Terex Industrial Holding AG, a Terex subsidiary, and Demag includes "detailed commitments for the period after a possible integration of Demag Cranes into Terex Group," Demag said in a statement. -By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500; [email protected]

Stock News for Terex (TEX)
DateTimeHeadline
01/19/201714:38:59Statement of Changes in Beneficial Ownership (4)
01/18/201706:04:52Current Report Filing (8-k)
01/17/201719:42:00Terex Corporation Announces Pricing of Senior Notes Offering
01/17/201708:50:00Terex Corporation Commences Cash Tender Offer for up to $550...
01/17/201708:26:00Terex Corporation Announces Proposed Senior Notes Offering
01/17/201708:18:40Current Report Filing (8-k)
01/17/201708:03:15Current Report Filing (8-k)
01/12/201712:14:59Statement of Changes in Beneficial Ownership (4)
01/10/201712:53:41Statement of Changes in Beneficial Ownership (4)
01/10/201712:53:16Statement of Changes in Beneficial Ownership (4)
01/10/201712:51:58Statement of Changes in Beneficial Ownership (4)
01/10/201712:49:45Statement of Changes in Beneficial Ownership (4)
01/10/201712:45:46Statement of Changes in Beneficial Ownership (4)
01/10/201706:05:14Current Report Filing (8-k)
01/04/201717:56:00Terex Corp. Announces $300 Million Partial Redemption of 6% Senior...
01/04/201714:18:00Terex Completes the Sale of Its Material Handling and Port Solutions...
01/03/201717:07:55Amended Statement of Beneficial Ownership (sc 13d/a)
12/30/201611:11:31Current Report Filing (8-k)
12/22/201613:52:39Statement of Changes in Beneficial Ownership (4)
12/19/201616:30:05Statement of Changes in Beneficial Ownership (4)

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