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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; 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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