ADVFN - Advanced Financial Network.
HOME» NYSE » T » TEX Stock Price » TEX Stock News

Terex Share News

 Terex Corp. Stock Price
TEX Stock Price
 Terex Corp. Stock Chart
TEX Stock Chart
 Terex Corp. Stock News
TEX Stock News
 Terex Corp. Company Information
TEX Company Information
 Terex Corp. Stock Trades
TEX Stock Trades

Terex Offer For Demag Cranes To Run Out 2200 GMT; Needs Final Spurt

FRANKFURT -(Dow Jones)- U.S. crane maker Terex Corp.'s (TEX) has until 2200 GMT to attain the necessary 51% majority in Germany's Demag Cranes AG (D9C.XE), but on Wednesday afternoon the U.S. company had secured only about 11.5% in shares, it said Thursday. It isn't uncommon for shareholders to become active only shortly before the end of the offer period. If, however, Terex fails to secure a stake of at least 51% by midnight in Germany, its takeover attempt will fail. A final result can only be expected after the long weekend in the U.S., as it will take a while for the complete data to be transferred. Demag Cranes was resisting Terex's takeover attempts for weeks, until the U.S. company last week raised the offer price to EUR45.50 a share from a former offer of EUR41.75 a share. In addition, Terex has promised that there will be no forced layoffs at Demag for three years, and agreed to the preservation of four production sites for five years. The management and supervisory boards of Demag Cranes have recently approved Terex's amended takeover offer. -By Nico Schmidt, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com

Stock News for Terex (TEX)
DateTimeHeadline
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)
06/08/201513:52:59Statement of Changes in Beneficial Ownership (4)
06/08/201513:52:04Statement of Changes in Beneficial Ownership (4)
06/03/201513:26:11Statement of Changes in Beneficial Ownership (4)
06/02/201514:56:19Current Report Filing (8-k)
06/01/201514:02:53Specialized Disclosure Report (sd)
06/01/201510:09:00Terex Announces New $350 Million Securitization Facility and...
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)

Terex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad