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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
07/28/201616:10:00Marcato Discloses 5.1% Stake in Crane Maker Terex
07/28/201614:09:42Statement of Beneficial Ownership (sc 13d)
07/22/201611:53:03Current Report Filing (8-k)
07/22/201609:02:00Terex Corporation Announces Second Quarter 2016 Financial Results...
07/15/201609:46:00Terex Announces Quarterly Dividend
07/12/201612:50:19Statement of Changes in Beneficial Ownership (4)
07/12/201612:49:40Statement of Changes in Beneficial Ownership (4)
07/12/201612:48:02Statement of Changes in Beneficial Ownership (4)
07/12/201612:46:46Statement of Changes in Beneficial Ownership (4)
07/12/201612:42:54Statement of Changes in Beneficial Ownership (4)
06/24/201611:54:50Current Report Filing (8-k)
06/23/201607:40:00What Investors are Making of these Industrial Goods' Stocks?...
06/21/201616:54:08Annual Report of Employee Stock Plans (11-k)
06/20/201622:00:00Yanmar Acquires Terex Corporation's Compact Construction Equipment...
06/20/201621:00:00Terex Announces Sale of German Compact Construction Equipment...
06/17/201613:30:57Statement of Changes in Beneficial Ownership (4)
06/08/201616:31:13Statement of Changes in Beneficial Ownership (4)
06/06/201615:24:16Statement of Changes in Beneficial Ownership (4)
06/06/201615:23:20Statement of Changes in Beneficial Ownership (4)
06/06/201615:22:52Statement of Changes in Beneficial Ownership (4)

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