Demag Board Said To Unanimously Endorse Terex Offer -Reuters

Date : 06/16/2011 @ 9:28AM
Source : Dow Jones News
Stock : Terex Corp. (TEX)
Quote : 39.14  0.3 (0.77%) @ 3:59PM

Demag Board Said To Unanimously Endorse Terex Offer -Reuters

Terex (NYSE:TEX)
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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 http://www.reuters.com/article/2011/06/16/demag-terex-idUSWEA632420110616?feedType=RSS&feedName=hotStocksNews&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=DTN+Stock+Market%3A&utm_content=Twitter

-Dow Jones Newswires; 212-416-2900

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