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Terex Now Holds 72.81% Of Demag Cranes

FRANKFURT -(Dow Jones)- U.S. construction machinery maker Terex Corp (TEX) has now secured 72.81% stake in Demag Cranes (D9C.XE), a mandatory statement from Terex's Germany-based subsidiary Terex Industrial Holding AG said Tuesday. The document also stated that the shareholders have an additional acceptance period of two weeks to take the offer, which is until July 19. On Friday, Terex said it received about 67% of Demag Cranes' shares under its revised tender offer, completing a two-month-long process to acquire the German crane manufacturer. Terex needed 51% of Demag's shares to complete the deal. Terex's original offer of EUR41.75 a share on May 2 was panned by Demag executives and the company's major shareholders as severely undervaluing the company, which later led Terex to raise the offer to EUR45.50. At 0900 GMT shares of Demag Cranes traded +0.1% at EUR45.25. -By Neetha Mahadevan, Dow Jones Newswires; +49 69 2972 5507; neetha.mahadevan@dowjones.com

Stock News for Terex (TEX)
DateTimeHeadline
08/31/201512:05:44Filing of Certain Prospectuses and Communications in Connection...
08/27/201511:50:27Filing of Certain Prospectuses and Communications in Connection...
08/27/201509:00:00Terex Corporation Announces Commencement of Consent Solicitation
08/26/201512:57:14Statement of Changes in Beneficial Ownership (4)
08/25/201510:55:02Statement of Changes in Beneficial Ownership (4)
08/21/201517:21:47Filing of Certain Prospectuses and Communications in Connection...
08/19/201516:14:35Current Report Filing (8-k)
08/19/201515:01:14Statement of Changes in Beneficial Ownership (4)
08/19/201512:34:00Terex Corporation Announces Senior Leadership Changes
08/19/201510:34:00Ryan & Maniskas, LLP Announces Investigation of Terex Corporation
08/18/201509:07:26Filing of Certain Prospectuses and Communications in Connection...
08/17/201518:46:00TEREX CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces...
08/17/201516:07:00Brower Piven Commences An Investigation Into The Proposed Sale...
08/17/201514:49:00TEREX SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the...
08/17/201513:24:00TEREX INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA:...
08/14/201516:21:00Morgan & Morgan Announces the Investigation of the Fairness of...
08/14/201511:06:00TEREX SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the...
08/13/201515:56:00SHAREHOLDER ALERT: Brower Piven Commences an Investigation into...
08/13/201514:57:47Filing of Certain Prospectuses and Communications in Connection...
08/13/201514:56:23Filing of Certain Prospectuses and Communications in Connection...

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