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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
05/26/201514:57:24Statement of Changes in Beneficial Ownership (4)
05/20/201516:55:11Statement of Changes in Beneficial Ownership (4)
05/20/201516:54:21Statement of Changes in Beneficial Ownership (4)
05/20/201516:53:53Statement of Changes in Beneficial Ownership (4)
05/20/201516:53:53Statement of Changes in Beneficial Ownership (4)
05/20/201516:52:09Statement of Changes in Beneficial Ownership (4)
05/20/201516:51:42Statement of Changes in Beneficial Ownership (4)
05/19/201517:30:06Current Report Filing (8-k)
05/15/201513:28:00Terex Announces Quarterly Dividend
05/07/201516:58:30Statement of Changes in Beneficial Ownership (4)
05/07/201516:58:03Statement of Changes in Beneficial Ownership (4)
05/07/201516:56:47Statement of Changes in Beneficial Ownership (4)
05/07/201516:56:20Statement of Changes in Beneficial Ownership (4)
05/07/201516:55:53Statement of Changes in Beneficial Ownership (4)
05/07/201516:55:26Statement of Changes in Beneficial Ownership (4)
05/05/201506:01:40Current Report Filing (8-k)
05/04/201517:28:28Statement of Changes in Beneficial Ownership (4)
04/30/201512:50:23Why Terex Corporation (TEX) Stock Fell 10% Following an Earnings...
04/30/201511:43:12Quarterly Report (10-q)
04/29/201518:46:33Terex Corporation Posts Loss, Reaffirms Full-Year Outlook

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