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Demag Board Said To Unanimously Endorse Terex Offer -Reuters

DOW JONES NEWSWIRES A takeover offer from U.S. crane maker Terex (TEX) was unanimously endorsed by the supervisory board of Demag Cranes (D9C.XE), Reuters reported Thursday, citing people familiar with the situation. The vote indicates that activist investor Cevian, which holds 10.07% of Demag Cranes shares and a seat on the board, supports the deal, the source said. Full story at -Dow Jones Newswires; 212-416-2900

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