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Over 100 Demag Cranes shareholders are suing Terex (TEX) for a payout of up to €200M...
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Tuesday, October 23, 2012, 10:09 AM ETOver 100 Demag Cranes shareholders are suing Terex (TEX) for a payout of up to €200M following its $1.4B acquisition of the German company, Reuters reports. Under German law, companies that acquire 75% or more of another firm must offer compensation to remaining shareholders based on a company valuation, not the original bid price. Terex has offered €45.52/share but the investors want over €100.
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