Terex Corp. (TEX), a U.S. heavy-equipment manufacturer, bid for Demag Cranes AG (D9C) in an offer valuing the German company at about 883.9 million euros ($1.3 billion) to expand in harbor cranes. Terex, which has its headquarters in Westport, Connecticut, is bidding 41.75 euros for each share of Dusseldorf-based Demag Cranes, the U.S. company said today in a statement. The offer, which is 15 percent more than Demag’s closing price on April 29, requires acceptance from at least 51 percent of Demag Cranes shareholders, Terex said.
Green Marine
about 15 years ago
Terex Bids $1.3 Billion for Demag Cranes to Boost Its Port Equipment Sales
Terex Corp. (TEX), a U.S. heavy-equipment manufacturer, bid for Demag Cranes AG (D9C) in an offer valuing the German company at about 883.9 million euros ($1.3 billion) to expand in harbor cranes. Terex, which has its headquarters in Westport, Connecticut, is bidding 41.75 euros for each share of Du
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