Market Overview

Terex Achieves Minimum Tender Condition for Demag Cranes Offer

Terex Corporation (NYSE: TEX) today announced that the minimum acceptance level of 51% for the voluntary public tender offer by Terex Industrial Holding AG to all shareholders of Demag Cranes AG at €45.50 per share has been exceeded. Terex also today announced that it has received early termination under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the offer, and that it has formally filed the transaction with the European Commission.

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